Tag Archives: LIHTC

Condo owners oppose rental housing funded by tax credits (WI)

Posted on by
Condo apartmentInterior 3

By Deborah Goonan, Independent American Communities According to a report in Kenosha News (WI), about 40 homeowners in Creekside Crossing Condo Association are protesting new development that will include rental apartments. Owners say they want to keep their pond view, and fear that seven 120-unit apartment buildings will lower their property values. Condo owners at the meeting are also dead set against low-income housing, because they fear it will bring more crime to their neighborhood. Continue ReadingCondo owners oppose rental housing funded by tax credits (WI)→

Exposing corruption in the affordable housing industry

Posted on by

By Deborah Goonan, Independent American Communities Do governments and private individuals spend affordable housing taxpayer dollars wisely? Critics say the industry is plagued by fraud and corruption. What exactly is “affordable housing?” How many times have you heard the industry claim that it’s essential to build condominiums in order to provide more affordable housing? Multiple meanings It depends on who is promoting affordability. Real estate agents and developers often sell home buyers on the concept that Continue ReadingExposing corruption in the affordable housing industry→