was determined that the average cost of housing using tax credits and all other incentives actually brought the cost of each housing unit created under these types of incentives ended up costing over a million dollars PER unit.
These credits were mostly scooped up by wealthy individuals and / or companies (in order to avoid taxes I am assuming), and in a lot of cases, the properties that the tax credits were intended for just sat there while the properties still didn't get rehabbed (in St. Louis City in my example).
With the economic housing boom (again, in St. Louis City), no tax credits aren't needed, but some kind of low income housing incentive is needed but the 'not in my neighborhood' mantra is alive and well (especially in the metro/rural county areas outside the city of St. Louis MO) and thus, a lot of development is somewhat forced into the St. Louis City area itself, which I think is dumping everything on the city itself.
Those unincorporated and incorporated areas outside the City of St. Louis MO need to step up and take on more of a responsibility for low income persons and families and basically, quit dumping these people into the city of St. Louis MO itself (some cities and their police departments would pick up these people and actually drive over to St. Louis City and dump them!).
No, these small towns and/or cities outside the city limits of St. Louis City, while working within the city of St. Louis MO, would erect barriers and so forth, limiting growth or regulating it severely, to preserve their 'way of life'. Unfortunately, some of these HOA like rules and so forth ended up killing these communities (or didn't help them).
How this for being neighborly?
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