Cities often give short shrift to affordable housing ($700 million missing in CA)

Los Angeles Times ^ | 03 October 2010 | Jessica Garrison, Kim Christensen and Doug Smith

[Lorianne]

At least 120 municipalities spent a combined $700 million in housing funds from 2000 to 2008 without constructing a single new unit, a Times analysis of state data shows. Nor did most of them add to the housing stock by rehabilitating existing units. ___ TITLE BURIES LEAD ___ Second of two parts — Cities across California have skirted or ignored laws requiring them to build affordable homes and in the process mismanaged hundreds of millions in taxpayer dollars, a Times investigation has found.

At least 120 municipalities — nearly one in three with active redevelopment agencies — spent a combined $700 million in housing funds from 2000 to 2008 without constructing a single new unit, the newspaper's analysis of state data shows. Nor did most of them add to the housing stock by rehabilitating existing units.

In case after case, The Times found, cities spent substantial sums for little return:

(LIST OF CITIES WHERE MONIES GOT 'LOST')

[RockinRight]

Isn’t “Affordable Housing” a liberal code-word for “Section 8?”

[Oldeconomybuyer]

Identify the criminal public servants, hold a very public trial, and put them in prison for 25 years to life.

[tcrlaf]

It’s Not Corruption When DONE-WHILE-DEMOCRAT, doncha know.

Paying for the beauracracy and Democrat job-parking is more important than building homes for those icky poor people, doncha know.

[Roccus]

ALL governmenmt has too much of OUR money to do with as it damned well pleases.

[WOBBLY BOB]

what’s with this recent discovery of journalism by the LA Times?

is this a sign of the End Times?

[rahbert]

Build more section 8 housing and you will have more poor.