When ‘affordable housing’ went haywire

While it may be normal to expect that top ‘news’ reports about ‘affordable housing’ originate from the developing countries, a Google search at the time of writing this speaks of how Google is ‘a big player in affordable housing.’ It has invested over $100 million in eight affordable housing projects this year -- all outside of Mountain View -- including $19 million for a 124-unit senior housing complex in Sunnyvale where a groundbreaking is scheduled this week, informs Daniel DeBolt in a story dated August 31 (www.mv-voice.com).

As if in contrast is a headline dated September 1, from California again, in www.glendalenewspress.com by Melanie Hicken, that ‘Affordable-housing project stalls’ because the Glendale City Council ‘put the brakes on a potential affordable-housing project after several members said the process had run afoul of established procedures.’ The home page leads off with the LA Times alert that despite home prices rising in June, a drop may be looming because expiring federal tax credits are feared to have a negative effect.

Full review here Hindu

Full report here Hindu