LCDC To Help w/Affordable Housing

Item: LCDC eyes affordable housing: Agency agrees to buy property beneath Paris Flea Market /Tom Hasslinger, Coeur d’Alene Press

More Info: Conceptual plans detail 25-35 unit condo buildings atop a ground floor boasting retail stores and shops. Developers said they hope to offer various sizes of one, two and three-bedroom floor plans for qualifying people who earn between $30,000 to $60,000 a year, according to Douglas Peterson of The Housing Company (IHC), a nonprofit subsidiary of the Idaho Housing and Finance Association (IHFA).

Kage Mann (in Press online thread): “They are only going to build supposed affordable housing units for: The city’s workforce. No affordable housing for anyone else? Yet, LCDC can help to finance many high-end condo developments for rich people and help to gentrify this CDA area. The average citizen is getting ripped by our Urban Renewal Agency.I don’t think any URA should be in the residential development business. ”

Question: And you thought that the anti-LCDC forces would back the urban renewal agency providing affordable housing? Pshaw.