Category: Affordable Housing

Folly or catalyst? Part 3, “Something Downtown Stockton can be proud of”

15 May, 2015 (10:00) | Affordable Housing, California, CalPERS, Cities, Development, Economics, Housing, LIHTC, Municipal bankruptcy, Redevelopment, Stockton, Tax credits, US News |

[Continued from yesterday’s Part 2 and the preceding Part 1.] By: David A. Smith As we saw yesterday, Stockton’s economic decline became possible to arrest only with bankruptcy and its slashing of liabilities, which made the city once again creditworthy and which also enabled it to rejoin the community of municipal entities reinvesting in their […]

Folly or catalyst? Part 2, “With bankruptcy being over”

14 May, 2015 (10:00) | Affordable Housing, California, CalPERS, Cities, Development, Economics, Housing, LIHTC, Municipal bankruptcy, Redevelopment, Stockton, Tax credits, US News |

[Continued from yesterday’s Part 1.] By: David A. Smith As we saw yesterday, the economic decline of downtown Stockton has spanned several decades, and as the city’s finances worsened, the downtown – which ought to have been the engine of economic revival – rusted. Sources used in this post Stockton Record (September 17, 2014) Stockton […]

Folly or catalyst? Part 1, “I bought strong locks”

13 May, 2015 (11:21) | Affordable Housing, California, CalPERS, Cities, Development, Economics, Housing, LIHTC, Municipal bankruptcy, Redevelopment, Stockton, Tax credits, US News |

By: David A. Smith A dying downtown is unspeakably depressing.  Property’s decay and death is painfully slow and painfully visible: fading signs, drawn blinds, leaves and scraps huddled in doorway corners, sun-bleached shingles and paint, all of them say, Nobody cares about this place.  Stockton — Attorney Jacob Loyal Benguerel became a pioneer of sorts […]

May the (work) force be with you: Part 3, Fearful bigots oppose extraordinary gift

12 May, 2015 (10:00) | Affordable Housing, California, Development, Elderly, George Lucas, Housing, NIMBY, Workforce housing, Zoning |

[Continued from yesterday’s Part 2 and the preceding Part 1.] By: David A. Smith As established in yesterday’s Part 2, George Lucas’s ‘neighbors’ (term used in its geographical sense, not in any sense of sociability) had thwarted his original plans to develop a sophisticated and jobs-creating film studio on his property, and then exhausted his […]

May the (work) force be with you: Part 2, Facing death by delay

11 May, 2015 (15:05) | Affordable Housing, California, Development, Elderly, George Lucas, Housing, NIMBY, Workforce housing, Zoning |

[Continued from yesterday’s Part 1.] By: David A. Smith In yesterday’s Part 1, property owner George Lucas, like his contemporary Steve Jobs, had discovered that in California, no matter what a rich owner wants to do with his property, the neighbors will come out in force to oppose it: Don’t bring your affordable housing here […]