Go to page 22. 20% of the profit of sale is being diverted as follows:
65% to the Housing Trust Fund
35% to the Federal Magnet Fund
Both of these are low-income housing grant entities. Gee, wonder what group will be getting its hands on this?????
Erroneously stated in my last post. It’s the Capital Magnet Fund.
Here’s some info on it:
http://cdfi.org/uploads/other/Capital%20Magnet%20Fund%20Overview.pdf
Goodies for more low income housing from our money
Something from back in my Texas Minuteman / original Minuteman Project days tells me La Raza gets money from this source.
Freeking LA RAZA