There is a fellow over at RacinePost grousing that he didn't get a $5.6 million subsidy for his low income housing project. You can read more about it here: http://news.racinepost.com/2009/01/state-agency-down-on-racine-one.html
According to the article, the $9 million project would have included 4500 square feet of retail and 24 housing units. Even if they spent $1 million on the retail portion, that would mean each of the housing units would have cost $333,333 each. And that is considered low income housing?
The developer claims "his market study showed a need for large, nice housing units for low-income families."
Interesting. My market study shows that the poor need 80ft yachts, country club memberships and vacation homes in the Hamptons.
I realize that I am regularly criticized for just writing and/or complaining. I am ready to step up now and help the poor. I will provide for all their needs so long as the rest of you subsidize my efforts. Deal?