LA Times Article on Divided CRA on Affordable Housing: Behind the Scenes/How A Project Jumps From $4 million to $8 million
WILL ADD TO THIS THREAD AS MORE INFO COMES IN:
RE-CAP OF DIVIDED CRA OVER AFFORDABLE HOUSING/HOTEL REDEVELOPMENT: By now you have probably either seen the LA Times story about last week's CRA meeting where they argued over affordable housing downtown or the coverage of it over the weekend here on Mayor Sam. It's kinda complicated and information continued to come in over the weekend from various places that tied a lot of it together. That's why blogs are great!!! So here's a recap that hopefully summarizes it more simply:
The construction cost didn't just go up $4 million for this project within that 4.5 days, did it? That is why some are speculating that someone on behalf of the community asked more from the developer knowing there was a $4 million loan.
The developer reluctantly said yes but went back to ask CRA Staff to increase the loan from $4 million to $8 million to cover the community's demand.
After finding out the loan is now increased to $8 million, someone might want even more community benefits; and they ran out of time to negotiate before the 8/16/2007 meeting.
And that may be what Janis means when she said, "There were points that weren't completely negotiated", in the LA TImes.
The $4 million loan (regular meeting) becoming an $8 million loan (special meeting) over more community benefits to match the increase means "running out of time for more community benefit negotiation."
Do you see the spiral dance? But, this developer is not connected enough (at least not with LAANE) to dance the spiral dance smoothly and got tangled up.
There appears to be a conflict if someone is a LAANE executive AND sits on the board of the CRA making decisions and approvals on behalf of both agencies! And these community benefits packages that are tacked onto projects make it tough for the small and medium developers, but for the few, bigger developers who do the right dance, with all the right agencies end up making a lot more profit off the community benefits packages, too! (In addition to the project itself.)
And now the CRA is thinknig about "lending" $50 to non-profits to downtown hotel redevelopment/affordable housing. Must be a lot of trees downtown cause the whole thing looks shady. Plus Villaraigosa's school non-profit; plus parks and rec, aging, health care, affordable housing. (See also: Feds bust NJ non-profit scam and Largest Charter Operator in California busted for all the reasons ZD has been losing sleep over.) I don't think the constituents will be able to handle the G-force of the free fall when the bottom falls out.
From ZD's inbox: Rosslyn LOFTS = Frontier Hotel
RE-CAP OF DIVIDED CRA OVER AFFORDABLE HOUSING/HOTEL REDEVELOPMENT: By now you have probably either seen the LA Times story about last week's CRA meeting where they argued over affordable housing downtown or the coverage of it over the weekend here on Mayor Sam. It's kinda complicated and information continued to come in over the weekend from various places that tied a lot of it together. That's why blogs are great!!! So here's a recap that hopefully summarizes it more simply:
The construction cost didn't just go up $4 million for this project within that 4.5 days, did it? That is why some are speculating that someone on behalf of the community asked more from the developer knowing there was a $4 million loan.
The developer reluctantly said yes but went back to ask CRA Staff to increase the loan from $4 million to $8 million to cover the community's demand.
After finding out the loan is now increased to $8 million, someone might want even more community benefits; and they ran out of time to negotiate before the 8/16/2007 meeting.
And that may be what Janis means when she said, "There were points that weren't completely negotiated", in the LA TImes.
The $4 million loan (regular meeting) becoming an $8 million loan (special meeting) over more community benefits to match the increase means "running out of time for more community benefit negotiation."
Do you see the spiral dance? But, this developer is not connected enough (at least not with LAANE) to dance the spiral dance smoothly and got tangled up.
There appears to be a conflict if someone is a LAANE executive AND sits on the board of the CRA making decisions and approvals on behalf of both agencies! And these community benefits packages that are tacked onto projects make it tough for the small and medium developers, but for the few, bigger developers who do the right dance, with all the right agencies end up making a lot more profit off the community benefits packages, too! (In addition to the project itself.)
And now the CRA is thinknig about "lending" $50 to non-profits to downtown hotel redevelopment/affordable housing. Must be a lot of trees downtown cause the whole thing looks shady. Plus Villaraigosa's school non-profit; plus parks and rec, aging, health care, affordable housing. (See also: Feds bust NJ non-profit scam and Largest Charter Operator in California busted for all the reasons ZD has been losing sleep over.) I don't think the constituents will be able to handle the G-force of the free fall when the bottom falls out.
From ZD's inbox: Rosslyn LOFTS = Frontier Hotel
Posted by Zuma Dogg @ 9/09/2007 08:02:00 PM
6 Comments:
This "constituent" sure "can't handle the G-force of the freefall" of sheer idiocy that spews out of your head. Take some prozac, bro, for that ADD.
Read the last comment on previous thread. You have apparently driven someone into sheer despair, so that they've lost control of their syntax and keyboard. You do that to people.
Read the third from last comment, you mean. That person has lost control of their keyboard, sadly. And maybe of more. This is a critical disease, thanks, final poster, for attempting a cure. We'll follow subject closely.
Yours,
Dr. Strangeglove
Send all the homeless to Palmdale.
G-bye Zuma; they want to send you to Palmdale.
They love white boys with ski hats and dark glasses who try to be black there. You'd last about two days.
The Mayor wants to encourage greater usage of the Palmdale airport, to take the stress off of LAX. Maybe zuma can get a job at the expanding airport. What could he do? Scare off the potential Turkish terrorists and the Japanese tourists? Because there will not likely be that many Japanese terrorists or Turkish tourists. Although touring Turkey is pretty cool, though.
Zuma was talking about some conflict of interest in the original thread.
Can some one connect the dots?
Zuma may be on to something when he points his finger at “Privatization of Public Money through Non-profits”
Perhaps “Privatization of Public Money through Non-profits” is the mother of all corruptions?
Most of us know that the Non-profits who receive government grant money may not properly handle the money as the Veterans’ case in a later thread illustrates. This is one area of corruption that we are familiar with.
But there is another group of Non-profits that we have to watch out for. That is the activist Non-profits who don’t get government monies directly (they receive other contributions that are tax exempt), but would want to “ensure community benefits” by influencing government agencies to funnel huge amount of Public Money to their favorite private developers or Non-profit friends.
These Activist Non-profits are funded by “Direct Public Support”. The contributions are tax exempt. But they usually don’t release their list of contributors or donors. This is one big layer of corruption that has yet to be unveiled.
Reporters, please look into that.
These Non-profits have been hiding behind those untouchable terms such as “Non-profits”, “Affordable Housing”, “Homeless” ….. for too long.
Now, do we see why Zuma dislikes “Privatization of Public Money THROUGH Non-profits”?
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