This developer crackdown might actually "inspire" a few fancy builders to get off the dole and stop using taxpayer cash for real estate speculation.
"Kansas City has for too long lacked commitment to ensuring truly affordable housing be part of any incentivized project and that landlords not be able to discriminate based on tenants’ sources of payment."
More info here for subscribers . . .
Ordinance calls for 20% of KC apartment units to be affordable to receive incentives - Kansas City Business Journal
Multifamily developers seeking tax incentives to build in Kansas City soon could have their projects subject to required minimum percentages for affordable housing units. A new ordinance filed Thursday by Mayor Quinton Lucas and Councilwoman Melissa Robinson would mandate that developers set aside at least 20% of total units as affordable, for "primarily" residential projects with 10 or more units, before they can obtain incentives like tax abatements, redirections or bond issuances.
20% slums? Great goal!
ReplyDelete^^Typical Christian or evangelical response.
ReplyDeleteIf there's actually a market for apartments, why should ANY "proposals" be considered for "incentives"?
ReplyDeleteOf course, when KCMO gives away incentives for such projects as luxury hotels and apartments, it's clear that ANYTHING goes.
And the long-term debt of the city just grows and grows.
Fantasyland on the plains.
Affordable housing is subsidized by who again? Oh that’s right, the taxpayers that’s who. Here comes another bullshit tax increase.
ReplyDeleteGet ready for another butt fucking ladies and gentlemen.
Where do I be park my Escalade at?
ReplyDeleteain't happening - there's nothing left over profit wise for the developer/construction co./builder.
ReplyDeleteHopefully that threat will shut down any and all new residential development in KC. The market is already over-saturated for a city that is dying while its denizens flee for safer environs.
ReplyDeleteAgree with 12:18, BUT if taxpayers subsidize housing for the wealthy, those folks need to share the taxpayer largess and STFU.
ReplyDeleteThere are only 4 bad times to live in Kansas City: spring, summer, winter and fall. ππΏ
ReplyDelete^^and yet you miss it soooo much! Weird.
ReplyDeleteMayor Quinton Lucas and Councilwoman Melissa Robinson two losers who own nothing but think they have a right to dictate to those that do.
ReplyDeleteI don't miss it at all but I do enjoy watching a good, self-inflicted, train wreck. ππΏπ§π₯¨πΊ
ReplyDelete^^and yet you miss it terribly as you never go anywhere else. Weird.
ReplyDeleteYou confuse my amusement with the failure of Kansas City with concern. Dance for me monkeys! This is entertaining as hell!
ReplyDelete^^and you continue to come back here because you love it so. Weird.
ReplyDeleteI just like mocking retards.
ReplyDeleteWay more than 20% of KCMO is a low-rent shitbox, so why is an ordinance needed?
ReplyDelete"I don't miss it at all but I do enjoy watching a good, self-inflicted, train wreck."
ReplyDeleteAnd that would be your life, I presume.
"...BUT if taxpayers subsidize housing for the wealthy, those folks need to share the taxpayer largess and STFU."
ReplyDeleteIronically, the more "affordable housing" that is mandated, the more expensive the market rate apartments have to be in order to make up the below market losses.
So, if you want the market rate apartments to be affordable for middle class workers, lower the "affordable housing" percentage mandate to some more rational number. Or, keep the mandate at 20% and assure that only the wealthy can afford the rest.
Lol. Unions aren't profiting at scale that developers are. We need someone from San Francisco to do homeless explosion right.
ReplyDeletebut why can't the niggs get a job & pay their rent?
ReplyDeleteBecause they're black.
ReplyDeleteBecause of racism and police brutality that is institutionalized in Kansas City and this also oppresses brown people, poor whiteslk and disabled people.
ReplyDelete