Category: Tax credits

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 | No comments

[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 | No comments

[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 | No comments

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 […]

Privileging the frank: Part 4, If you would know the value of money, go and try to borrow some

25 March, 2013 (09:00) | Adaptive reuse, Advocacy, Economics, Historic, Housing, Infrastructure, Networks, Post office, Rehab, Tax credits, Zoning |

[Concluded from yesterday’s Part 3 and the preceding Part 1 and Part 2.]   By:David A. Smith   If you would know the value of money, go and try to borrow some. – Benjamin Franklin, Postmaster General   Once it becomes inevitable that some post offices will be closed, as we have seen by critiquing […]

Privileging the frank: Part 3, Beware of little expenses; a small leak will sink a great ship

22 March, 2013 (09:55) | Adaptive reuse, Advocacy, Economics, Historic, Housing, Infrastructure, Networks, Post office, Rehab, Tax credits, Zoning |

[Continued from yesterday’s Part 2 and the preceding Part 1.]   By:David A. Smith   Beware of little expenses; a small leak will sink a great ship – Benjamin Franklin, Postmaster General   By now, halfway through our deconstruction of a fluffy article by Robin Pogrebin in the New York Times (March 8, 2013) and […]