Federal Government in Action


	Federal Government in Action

Spokane_Realtor

7-8-2009 9:45 PM

35 views

tags:

affordable housing. low-income housing, tax credits, spokane real estate

Spokane_Realtor says:

Laudable goal, but I'm not sure this will stimulate the economy the way they promosed.

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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/05fd3106-7fc0-4f6a-8afd-d0dbe345c1ca/02FABD2F-9E9F-4BE9-AA10-77A0F5318725/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://www.spokesman.com/stories/2009/jul/08/stimulus-benefits-housing-for-poor/" href="http://www.spokesman.com/stories/2009/jul/08/stimulus-benefits-housing-for-poor/" style="font-size: 11px;">www.spokesman.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.spokesman.com/stories/2009/jul/08/stimulus-benefits-housing-for-poor/"><H2>Stimulus benefits housing for poor</H2></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.spokesman.com/stories/2009/jul/08/stimulus-benefits-housing-for-poor/"><H5 class="subhead">Federal cash may ensure completion of affordable units</H5></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.spokesman.com/stories/2009/jul/08/stimulus-benefits-housing-for-poor/"><P>When Salem Lutheran Church in Spokane’s West Central neighborhood started looking at what really was the best use for land it owned behind and across the street from the church, the answer was simple: low-income housing.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.spokesman.com/stories/2009/jul/08/stimulus-benefits-housing-for-poor/"><div align="center"><img src="http://content9.clipmarks.com/blog_cache/www.spokesman.com/img/D83A97CC-F475-438E-81CD-96DE2329C668" alt="" /></div></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.spokesman.com/stories/2009/jul/08/stimulus-benefits-housing-for-poor/">That’s what already occupied some of the property, but only on a small scale</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.spokesman.com/stories/2009/jul/08/stimulus-benefits-housing-for-poor/"><P>“Now, instead of 14 units, there are 47 units, which will be a real blessing, we think, to the community and to these folks we’re serving,” said the Rev. Tom Soeldner, pastor at Salem Lutheran. Some of the former residents are moving back into the new units.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.spokesman.com/stories/2009/jul/08/stimulus-benefits-housing-for-poor/"><P>In a city that lost about 200 units of affordable housing in the past two years due to market-rate development, a combination of federal, state, local and private funds along with the work of numerous groups brought the Walnut Corners project together, in what Soeldner called “kind of a miracle story, as far as timing is concerned.” </P></blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/02FABD2F-9E9F-4BE9-AA10-77A0F5318725/blog/" title="blog or email this clip"><img src="http://content6.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

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