So let’s be clear about what Johnson’s Green Social Housing scam is:
The city borrowing at 5% so that Brandon Johnson can make loans to connected nonprofits at 2% (like the church his father was a pastor at, which was the first “developer” awarded proceeds from the housing bonds), in the meanwhile enriching cronies (general contractors, consultants, real estate management companies, and attorneys) with exorbitant fees, all bankrolled by the Chicago taxpayer.
Blatant corruption out in the open and nothing more than a transfer of wealth from citizens to the connected few sponsors and vendors. The fools celebrating this as some kind of solution to our affordable housing shortage need to learn how things actually work in this city and stop being so gullible.
@nonstopbutterc1@lacherbauer Every dollar that the city mandates you spend to build a house reduces the number of units that get built.
In other cities, you can build nice houses for $150/sq', but because a bunch of functionaries get paid to make building expensive, it's not possible here.
NEW
Chicago homeowners are paying 62% more in property taxes to Chicago Public Schools than they did 15 years ago—for 84,000 fewer students.
Please, tell us more about "underfunded schools."
https://t.co/0y3DFCVz13
@nonstopbutterc1@lacherbauer Allow Pex instead of copper. Allow Romex. Reduce insulation requirements.
None of this would cost the city a penny.
It would reduce the cost of construction.
It would increase the supply of housing.
But it doesn't pay an army of nonprofits, so the mayor isn't interested
@nonstopbutterc1@lacherbauer What red tape has the city cut?
As easily as they ram through bloated spending, they could upzone the entire city to RT-4. Increase or do away with FAR. Reduce or get rid of minimum unit size and parking requirements. Provide preapproved plans at no cost.
@nonstopbutterc1@lacherbauer "Affordable". At $800K/unit, the quotes are required.
The vast majority of the housing stock in Chicago was built by un-subsidized private developers responding to a need. The city should focus on that, not on another grafty, labyrinthian Kafka hell of bureaucracy.
@lacherbauer@DanielKayHertz 400 units per year while arguing the city is short 119,000 units. So problem solved in 300 years?
Cutting the zoning and DoB restrictions that increase the cost of building could do more faster and generate revenue.
As usual, graft and patronage rather than results.
@ZaidJilani Faulting journalist for what they don't cover is as dumb as faulting medical researchers for what they don't research. Nobody would claim that a cancer researcher is pro-Alzheimers or pro-diabetes.
Taibbi is an in-group contrarian. Others are welcome to write about Trumps idiocy
@SamSlideBuxton@TheDoorRestorer Nah. It's kind of the opposite of crackle, which is where the paint pulls together and leaves the undercoat visible. I see it on industrial equipment and electrical housings from the 1920's-50's, but never seen it as a residential finish on any fixtures like this.
Contrario a lo que piensen algunos, no es necesario proyectar grandes obras para hacer buena arquitectura o pasar a su historia. Sirva como ejemplo esta pequeña obra de Sigurd Lewerentz, un kiosco de flores en el cementerio este de
Malmo, 1969