Measure H: "Special Interest Bonanza"
This town finally has a REAL reporter, Kerry Cavanaugh of the Daily News. Guess what she found out, not by reading a press release, but by good, old-fashioned investigative reporting?
She got the list of contributors to the "Homes for L.A. Families" campaign behind Measure H, the billion-dollar program to give welfare to the rich.
Read the story, aptly entitled "Special Interest Bonanza," and tell everyone else to do the same. When you follow the money, you see who this boondoggle will REALLY benefit from Measure H -- and it's not battered wives and veterans.
Here's my favorite passage:
"Agoura Hills-based developer Amcal Enterprises, which specializes in building affordable housing, has contributed $25,000 in support of the measure.
"The company has received $21 million from L.A.'s Affordable Housing Trust Fund to build more than 500 low-income rental units in Lincoln Heights, downtown Los Angeles and Van Nuys.
"Meta Housing contributed $10,000 to the campaign, and has received $14 million from the city's trust fund for 187 low-income rentals in downtown Los Angeles."
Read the whole thing: http://www.dailynews.com/news/ci_4508551
Posted by Walter Moore @ 10/18/2006 06:40:00 AM
3 Comments:
Walter...what is so bad about low-income housing? The more of that we build...the better off we all are. And lets face it...there HAS to be someone who is going to build it, and odds are its going to be a large enough company. And is $50 million all that much for 500 units when including labor and materials?
Not extremely relevant, but... I read recently that the intro of Bonanza was filmed in Thousand Oaks, back before the area was developed. That's just about a ten minute drive from Agoura Hills.
What is so bad about low-income housing is that it is being torn down for townhouses or converted to condos.
Believe it or not, Prop H is just another effort to help our poor developers reach their billion-dollar goals.
Affordable housing would exist if there were a whole lot more apartments available for rent.
There is nothing that will be built by the Prop H developers that will be affordable. And have you seen the plans for the 450 sq ft low-cost condos. They will be as liveable as ant hills.
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