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De Blasio Announces Affordable Housing Plan [The $41 Billion Program Will Create....]
Wall Street Journal ^

Posted on 05/05/2014 8:50:03 AM PDT by Sub-Driver

De Blasio Announces Affordable Housing Plan

The $41 Billion Program Will Create Units for More Than 500,000 New Yorkers

By WSJ Staff Updated May 5, 2014 10:46 a.m. ET

Mayor Bill de Blasio detailed a wide-ranging plan to build 200,000 new affordable housing units in New York City in 10 years, calling it a "fundamental plan to reduce income inequality."

Those who benefit from the plan "won't be living doubled up with friends…they won't be living in homeless shelters," Mr. de Blasio said at a news conference in Brooklyn's Fort Greene neighborhood. The plan would provide housing to service more than 500,000 New Yorkers, he said.

He called the $41 billion program "the largest ever initiated in the history of this city."

(Excerpt) Read more at online.wsj.com ...


TOPICS: Business/Economy; Culture/Society; News/Current Events; Politics/Elections; US: New York
KEYWORDS: andrewcuomo; billdeblasio; boondoggle; chirlanemccray; communism; newyork; newyorkcity; newyorkslimes; newyorktimes; redistribution; reparations; socialism; warrenwilhelm
Yeah, free stuff!

Wonder where he will get the money?

1 posted on 05/05/2014 8:50:03 AM PDT by Sub-Driver
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To: Sub-Driver

Oh, just raise taxes. That’ll cover it./sarc


2 posted on 05/05/2014 8:53:11 AM PDT by basil (2ASisters.org)
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To: Sub-Driver

Doesn’t New York City already have many billions of dollars in unfunded liabilities?


3 posted on 05/05/2014 8:53:28 AM PDT by Steve_Seattle
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To: Sub-Driver

More welfare slavery.


4 posted on 05/05/2014 8:53:39 AM PDT by Louis Foxwell (This is a wake up call. Join the Sultan Knish ping list.)
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To: Sub-Driver

The Projects...


5 posted on 05/05/2014 8:55:38 AM PDT by ltc8k6
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To: Sub-Driver

I’m guessing these Projects will be placed throughout the wealthiest areas of Manhattan and Brooklyn.


6 posted on 05/05/2014 8:57:27 AM PDT by BlueStateRightist (Government is best which governs least.)
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To: Sub-Driver

At a cost of only $205,000 each!


7 posted on 05/05/2014 8:57:39 AM PDT by Mr. K (If you like your constitution, you can keep it...Period. PALIN/CRUZ 2016)
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To: Sub-Driver
Sounds like another "10 year" plan.

Planned economies work real well just look at

5.56mm

8 posted on 05/05/2014 8:58:25 AM PDT by M Kehoe
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To: Steve_Seattle

My intuition tells me a large chunk of the $41 bil isn’t gonna be from NYS or NYC, but from Uncle Sam (or Aunt Hillary as it will be known after Jan 2017).


9 posted on 05/05/2014 8:59:04 AM PDT by nascarnation (Toxic Baraiaq Syndrome: hopefully infecting a Dem candidate near you)
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To: Sub-Driver

He’ll spend a lot of New Yorkers money on beautiful buildings that will look like shitholes within 2 years just like the welfare OCEAN FRONT buildings in Far Rockaway Queens.

Leeches don’t take care of their homes.


10 posted on 05/05/2014 8:59:56 AM PDT by katnip (Don't you just hate skanks who swindle their mothers out of their life savings?)
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To: Sub-Driver

I’ve never felt so good about forcing people into slums. :)


11 posted on 05/05/2014 9:00:38 AM PDT by Tzimisce
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To: Sub-Driver

what are the chances this will be nipped in the bud?

With 200,000 new housing units, NYC is bound to tip over before Guam does.


12 posted on 05/05/2014 9:01:47 AM PDT by 1_Rain_Drop
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To: Sub-Driver

Ok, let’s do a little math. This comes out to $82,000 per person. I don’t know how he defines “unit”, but if each unit houses 2.5 people, we now are up to about 200,000 units at a little over $200,000 per unit. Given the limited availability of land in New York City, these would have to be some sort of high-rise tenements. If each building were 20 stories high and had 20 units per floor, that would take 500 buildings of high density housing. That’s going to displace a lot of existing development. Given the history of these kinds of projects, that’s going to be 500 crime-infested pigstys in about 20 years.


13 posted on 05/05/2014 9:02:14 AM PDT by Steve_Seattle
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To: Sub-Driver

Comrade De Blasio will pull out his bag of goodies paid for by the productive, wealth-creating serfs that he now rules over. You sure know how to pick ‘em, NYC.


14 posted on 05/05/2014 9:04:55 AM PDT by windsorknot
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To: Sub-Driver

I don’t see it here but there was a article a while back about new yorkers building a large amount of 700 sq ft apartments. This is nowhere near large enough to raise children. More for the demographic implosion.


15 posted on 05/05/2014 9:05:31 AM PDT by Vince Ferrer
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To: katnip
"He’ll spend a lot of New Yorkers money on beautiful buildings that will look like shitholes within 2 years."

In Seattle, the low-income housing looks like shitholes right out of the box, so I can imagine what they'll look like in 20 years.
16 posted on 05/05/2014 9:06:45 AM PDT by Steve_Seattle
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To: Sub-Driver
WORKING white families need not apply...
17 posted on 05/05/2014 9:07:21 AM PDT by Chode (Stand UP and Be Counted, or line up and be numbered - *DTOM* -vvv- NO Pity for the LAZY - 86-44)
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To: Vince Ferrer

You’re funny.
Nowadays children aren’t raised. they’re aborted.


18 posted on 05/05/2014 9:08:27 AM PDT by 1_Rain_Drop
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To: Sub-Driver

The drug cartels can view these as business/residential zones.


19 posted on 05/05/2014 9:09:34 AM PDT by lurk
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To: Sub-Driver
Fountainhead writ large...
20 posted on 05/05/2014 9:09:39 AM PDT by Chode (Stand UP and Be Counted, or line up and be numbered - *DTOM* -vvv- NO Pity for the LAZY - 86-44)
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To: Steve_Seattle

Friend of mine and his wife live in Manhattan. A 500 square foot apartment with her piano. Try living like that......


21 posted on 05/05/2014 9:10:10 AM PDT by Sub-Driver (Proud member of the Republican wing of the Republican Party)
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To: Sub-Driver

Yet another reason that upstate needs to separate itself & leave NYC as their own State ... they can even keep the name.


22 posted on 05/05/2014 9:11:05 AM PDT by mikrofon (Affordable, my Aff...)
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To: Sub-Driver

MIDDLE CLASS (AND WORKING CLASS) HETEROSEXUAL WHITES NEED NOT APPLY


23 posted on 05/05/2014 9:11:23 AM PDT by Gay State Conservative (Stalin Blamed The Kulaks,Obama Blames The Tea Party)
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To: Steve_Seattle
Given the history of these kinds of projects, that’s going to be 500 crime-infested pigstys in about 20 years.

I like your optimism! I give them 5.
24 posted on 05/05/2014 9:12:06 AM PDT by andyk (I have sworn...eternal hostility against every form of tyranny over the mind of man.)
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To: Sub-Driver

What could go wrong?

I guess I should be more optimistic. It might turn out slightly better than Cabrini Green.


25 posted on 05/05/2014 9:12:39 AM PDT by St_Thomas_Aquinas ( Isaiah 22:22, Matthew 16:19, Revelation 3:7)
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To: Sub-Driver

True, but just the dream that one might view Chelsea Clinton-Mezvinsky live on the street someday is inspiration for some....


26 posted on 05/05/2014 9:12:44 AM PDT by nascarnation (Toxic Baraiaq Syndrome: hopefully infecting a Dem candidate near you)
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To: Sub-Driver

27 posted on 05/05/2014 9:13:38 AM PDT by JPG (Yes We Can morphs into Make It Hurt.)
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To: Sub-Driver
Just like old Soviet Russia!


28 posted on 05/05/2014 9:23:16 AM PDT by RightGeek (FUBO and the donkey you rode in on)
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To: Steve_Seattle

Wonder how Manhattan is going to react to LOVELY GRAFFITTI covered
highrises in THEIR city!!! THESE PEOPLE NEVER LEARN,!!!! What the
hell can they NOT see what happened to the past BEAUTIFUL highrises
put up across the country!!!!


29 posted on 05/05/2014 9:30:57 AM PDT by Kit cat (OBummer must go)
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To: 1_Rain_Drop

In new york that is especially true. Building these will do nothing to change that trend.


30 posted on 05/05/2014 9:34:51 AM PDT by Vince Ferrer
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To: Sub-Driver
Friend of mine and his wife live in Manhattan. A 500 square foot apartment with her piano. Try living like that......

I own a building that size, I call it "my shed". I store garden and lawn tools in it.

31 posted on 05/05/2014 9:39:27 AM PDT by Graybeard58 (If any man love not the Lord Jesus Christ, let him be Anathema Maranatha. 1 Cor 16: 32)
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To: nascarnation
My intuition tells me a large chunk of the $41 bil isn’t gonna be from NYS or NYC, but from Uncle Sam (or Aunt Hillary as it will be known after Jan 2017).

Who knows how this *great, Socialist idea* will all play/pay out. This is all I could find, from other articles...

He has vowed to pursue mandatory inclusionary zoning, or requiring developers to include affordable units if they want permission for bigger buildings or other breaks.

De Blasio's administration also wants to legalize some illegal basement apartments, fight Albany for more rent-controlled apartments and direct $1 billion of city pension funds to building lower-rent units, among other ideas.

32 posted on 05/05/2014 9:57:53 AM PDT by Jane Long (While Marxists continue the fundamental transformation of the USA, progressive RINOs assist!)
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To: nascarnation

Yesterday, I met up with an old friend I hadn’t seen in 20 years. She was starry-eyed and gasping because she saw Chelsea Clinton coming out of a car in Chappaqua the other day. Truly, I almost turned my back on her I was so embarrassed for her.


33 posted on 05/05/2014 10:02:56 AM PDT by miss marmelstein (Richard Lives Yet!)
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To: AdmSmith; AnonymousConservative; Berosus; bigheadfred; Bockscar; cardinal4; ColdOne; ...
Thanks Sub-Driver.
...plan to build 200,000... housing units... in 10 years... a "fundamental plan to reduce income inequality." ...to service more than 500,000... $41 billion program...
That's $82,000 per person served -- affordable? Affordable to whom? This should be bundled with the special, limited term, new tax to pay for it, I suggest calling it "The DeBlasio Redistribution-Reparations Special Housing Tax", which will cost $4917.84 per person over ten years, a mere $40 a month, well, more than that, because obviously the 500,000 to be housed shouldn't have to PAY for their own welfare...

And in ten years, availability of "free" housing will mean that the entire city will be loaded up with two or three million new freeloaders currently living either somewhere else, or having gone from eight years old in 2014 to 18 years old in 2024 and ready to "live on their own"...
34 posted on 05/05/2014 10:25:20 AM PDT by SunkenCiv (https://secure.freerepublic.com/donate/)
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To: Sub-Driver
Soviet style microdistricts coming to NYC. The proletariat will pay for this.

CC

35 posted on 05/05/2014 12:07:23 PM PDT by Captain Compassion
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To: Steve_Seattle; katnip

Instant hellholes. Crime. Lice. Rats, Roaches. Garbage in the courtyards.

Watch property values plummet for a mile around.


36 posted on 05/05/2014 7:12:18 PM PDT by Arthur McGowan
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To: Sub-Driver; Steve_Seattle; katnip

I have the perfect name for this project of de Commio’s:

Pruitt-Igoe.


37 posted on 05/06/2014 5:32:27 AM PDT by Arthur McGowan
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To: Sub-Driver; Steve_Seattle; katnip

http://en.wikipedia.org/wiki/Pruitt-Igoe


38 posted on 05/06/2014 5:41:04 AM PDT by Arthur McGowan
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