Once again I have mixed feelings about this. In theory, this is the way our society should operate were the tax structures eliminated; however, with all the greed, cheating, and looting, I no longer look to my aristocratic overlords for benevolence.
Then I think of where our tax money is really going, and I get a little angry.
"$4.5m grant to help keep rents in check" by Chris Reidy, Globe Staff | February 27, 2009
The John D. and Catherine T. MacArthur Foundation will award Massachusetts $4.5 million to preserve the long-term affordability of existing privately owned rental housing, Governor Deval L. Patrick's office said.
Massachusetts is facing a potential loss of subsidized rental housing that will affect nearly 41,000 families over the next 10 years, according to the governor's office.
Why? Government can not BAIL THEM OUT for some reason?
"This award is expected to leverage more than $150 million - primarily in private investment - for a statewide loan fund to preserve affordable rental homes for an estimated 9,000 families, or more than 20 percent of the rental housing now at-risk of being lost," the governor's press release said.
While he gives a BILLION to biotech (and borrows to do it)!!!
The foundation will also target $3.5 million in program-related investments, or low-cost loans, to support a $150 million preservation loan fund, Patrick's office said. The preservation fund is aimed at helping develop and acquire preservation projects.
Yeah, I knew there had to be some agenda-pushing (in this case, environment).
