Great reporting Yvonne


Yvonne wrote:
Affordable housing has become a political scam. First, the city places people in affordable housing that are not JC residents since they take federal dollars and NGOs gets first shot at housing not JC residents. Secondly, it is done by transferring those taxes to the small homeowner, especially school taxes. Lastly, no one ever looks at the total amount of income affordable housing brings in. A senior living in an one bedroom affordable housing pays one third of their income, which might be Social Security. So if they get $1,200 they pay $400 including utilities, but that apartment actually earns $2200 a month to the developer/manager. So the $1,800 is not considered when the city does it tax abatement plan, only what the tenants pays.

By the way, when Newport made their deal with the city for affordable housing, LeFrak put his ad for housing in the New York Post, not the Jersey Journal and New Yorkers came over for those cheap housing.