tag:blogger.com,1999:blog-2382985764534737174.post3688008084693122119..comments2023-04-17T09:38:19.704-05:00Comments on North by Northside: Bring Back the Dollar House ProgramJeff Skreneshttp://www.blogger.com/profile/14597476540441866248noreply@blogger.comBlogger14125tag:blogger.com,1999:blog-2382985764534737174.post-5670249270870311832011-03-24T09:21:25.550-05:002011-03-24T09:21:25.550-05:00Okay, i want to know who has been puffing the Peyo...Okay, i want to know who has been puffing the Peyote bud. We start a program based on the Used Housing program that was implemented in the city of Minneapolis back in the Sixties and base it on a sliding income scale designed to benefit one and all. It does not take a genius to realize that folks ,shall we say, are a slight bit more dubious in their intentions and we will just have to install someone with the utmost integrity to run it and run it under strident guidelines and oversight. All right, all of you powers that be, i'll give you a head start and tell you that the Used Housing program is now known as section 8. It doesn't work fairly in its current form. Remember the day when we had money for things like this and the school system also? Do not tell me that it cannot be done these days once you eliminate all of the crooks that are constantly trying to undermine the same people that i am stressing that we help because it is a fight between the haves and the have-nots and the haves want everything and do not care if the working poor rot and die in their own shit. Time to turn the tables, folks, and really start to realize that we are pawns in the rich man's con game and only we can continue to let him fuck us in the name of skin pigmentation misrepresentation. Screw ALL Fox news tea partying two faced poisonous toad consuming tin foil cap wearin'teat suckin' sorry sacks of shit.Good Day.boatheadhttps://www.blogger.com/profile/01959390929649393462noreply@blogger.comtag:blogger.com,1999:blog-2382985764534737174.post-70881344045320085662011-03-20T17:35:55.764-05:002011-03-20T17:35:55.764-05:00Dyna - you are one smart person! You hit the nail...Dyna - you are one smart person! You hit the nail on the head - bullseye!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2382985764534737174.post-14839451668554071722011-03-20T11:50:21.671-05:002011-03-20T11:50:21.671-05:00The real reason is this: The city of Minneapolis i...The real reason is this: The city of Minneapolis is scared to death that DIYers will be able to rehab houses for $50k or less, and that the tax base won't jump. The city is essentially demanding that the nonprofits put at least $150k into a rehab... That produces a taxable value of at least $150k to support the bureaucracy of city hall in perpetuety.dynahttps://www.blogger.com/profile/16103015667114017044noreply@blogger.comtag:blogger.com,1999:blog-2382985764534737174.post-88271525009704745172011-03-19T21:16:20.170-05:002011-03-19T21:16:20.170-05:00I would be willing to wager that the program went ...I would be willing to wager that the program went away because of control issues. The culture of the city of Minneapolis is one in which the city can not handle the idea of the private individual doing anything. They do not trust the private individual or private markets. Everything has to be done with non profits and subsidies. With oversight and guidelines, the private market has the power to do a lot of good. There are simply too many houses for the non profits and subsidies to reach them all. We need to use every tool in the toolbox, including incentivizing private individual homeowners to rehab houses.M. Clintonhttps://www.blogger.com/profile/09635142448830357080noreply@blogger.comtag:blogger.com,1999:blog-2382985764534737174.post-81885608646321182252011-03-19T12:20:19.682-05:002011-03-19T12:20:19.682-05:00Funding can come from the same tax dollars current...Funding can come from the same tax dollars currently used to tear these homes down and the creation of a local Residential Homestead TIF(Tax Incentive financing district) where a portion of the (otherwise noncollectable) tax revenues go back towards low interest and deferred loans earmarked for home renovation. <br /><br />Homes get new owners who participate in the community, Home values increase, Tax revenues increase, and we have better and safer neighborhoods.<br /><br />Worst case scenario is that a few homesteaders who take on previously vacant properties have difficulty bringing the portions of the structure up to code.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2382985764534737174.post-86848513984005835492011-03-19T10:26:27.739-05:002011-03-19T10:26:27.739-05:00Actually, the program stopped because the housing ...Actually, the program stopped because the housing market improved and the program was no longer needed. As for folks not finishing the rehabs, keep in mind that under the original Homestead Act only about half the homesteaders were able to fulfill their contracts. None the less, the Homestead Act is still considered a roaring success.dynahttps://www.blogger.com/profile/16103015667114017044noreply@blogger.comtag:blogger.com,1999:blog-2382985764534737174.post-59193392556015518352011-03-18T20:05:58.063-05:002011-03-18T20:05:58.063-05:00The program went away because many of the buyers d...The program went away because many of the buyers did not uphold their part of the program and defaulted eventually. I agree to a certain extent with anon 5:16. Whre are these people going to get the funding to do the extensive upgrades that these houses need? They can not go to the private sector banks because no one will lend money ($50,000 on an asset that is no where near worth that), so they would have to rely on City funding and the City has no money to even fill potholes!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2382985764534737174.post-57378480475613338242011-03-18T13:22:54.323-05:002011-03-18T13:22:54.323-05:00You stated: "We've done it before; let...You stated: "We've done it before; let's do it again." <br /><br />OK<br /><br />Have you contacted anyone at the City or at CPED to find out a bit of historical data on how the program worked from their perspective? There must be a reason why the program went away?Kevinnoreply@blogger.comtag:blogger.com,1999:blog-2382985764534737174.post-35314884977768444372011-03-18T08:33:06.307-05:002011-03-18T08:33:06.307-05:00Great Post!
Send this to CPED and our council mem...Great Post!<br /><br />Send this to CPED and our council members! If those bureaucrats in city hall were more in touch with their constituents rather than pandering to "business" interests, this would be a better town to live in. <br /><br />Anon 5:16 what are you thinking? Do the math.<br /><br />Minneapolis homes are no different then structures any place else. Prices are depressed because of the stigma of dysfunctional social activities brought about by poverty pimps and their Neanderthal tenants.<br /><br />Every house occupied by a homesteader willing to invest in the property means one less rental. The defered cost of rent/mortgage put towards restoring a home will pay huge dividends in resale value as these buyers stabilize the community.<br /><br />These may be the only homes values that will appreciate in the next 5-10 years.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2382985764534737174.post-85467178394293241412011-03-17T19:53:05.919-05:002011-03-17T19:53:05.919-05:00I don't get the point of Anon 5:16pm. What doe...I don't get the point of Anon 5:16pm. What does your estimation of future values have to do with a dollar house program working or not working? Don't you think that the investment that folks would put into a house they could acquire for a dollar is exactly what will bring up the surrounding values?NoMi Passengerhttps://www.blogger.com/profile/08492948134726062292noreply@blogger.comtag:blogger.com,1999:blog-2382985764534737174.post-59849752513487734782011-03-17T17:16:47.823-05:002011-03-17T17:16:47.823-05:00It will never work over North, at least not for no...It will never work over North, at least not for now. Foreclosures are still coming on the market at the rate of 15 to 20 a week and will be for years to come. It will be 10 years at least before a house in Jordan or Hawthorne is worth 100 grand. It would work over South where the values are no where near as tanked.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2382985764534737174.post-91473589957521865012011-03-17T14:11:16.617-05:002011-03-17T14:11:16.617-05:00After some cajoling from the neighborhood toward t...After some cajoling from the neighborhood toward the City of Minneapolis former MCDA, I purchased a "dollar home" in 1999, with the aid of Southside Neighborhood Housing Services. I got a mortgage for $63,000 to restore the house (the City estimated that it would cost $150K to rehab it, to which I replied, "Hooey!"). Over the years I have taken put in an additional $60K to remodel the kitchen, landscape and add a bath, a deck and a garage. Newest assessment is $195K, with a $3000 tax bill. I have little intention of selling or moving out any time soon. In years past I have been an active proponent of neighborhood revitalization and community development. It was a great investment on both mine and the City's part. I think the program is a win-win-win!!David Coralhttps://www.blogger.com/profile/13115907965514104066noreply@blogger.comtag:blogger.com,1999:blog-2382985764534737174.post-52200319904597965282011-03-17T12:29:28.438-05:002011-03-17T12:29:28.438-05:00Excellent Post! You're correct- the city would...Excellent Post! You're correct- the city would need to adopt more reasonable timetables for code compliance for the program to work.dynahttps://www.blogger.com/profile/16103015667114017044noreply@blogger.comtag:blogger.com,1999:blog-2382985764534737174.post-18324654434122692252011-03-17T12:23:47.265-05:002011-03-17T12:23:47.265-05:00Like it! We need it!Like it! We need it!Johnny Northside!https://www.blogger.com/profile/18182711866120550770noreply@blogger.com