This just came in from “van get it da artiste”:
The California Supreme Court finally saw municipal power grabs of private property and tax dollars as illegal and made cities’ redevelopment agencies history.
But for those who wax nostalgic for the good old days of Fullerton’s redevelopment agency, they may warm their hearts and hands at the redevelopment agency’s legacy to us, “Heritage Walk”, an “affordable” housing development located near Richman Park in Fullerton.
In 2010 the Fullerton Redevelopment Agency agreed to pay the private developer, the Olson Company, to build thirty-four houses so persons with moderate to low incomes could afford to buy these houses. This development is called “Heritage Walk”.
Now, The Kennedy Commission, named after Ralph Kennedy, the father of Orange County Human Relations Commission CEO Rusty Kennedy, defines moderate to low-income as less than eighty percent of Orange County’s median income. Orange County’s median income in 2009 was approximately $71,000 a year. Only families earning less than $56,000 a year would qualify to buy Heritage Walk houses.
However, Heritage Walk housing development allows persons with annual incomes greater than a $100,000 to buy their low-income affordable houses.
The Kennedy Commission asserts affordable housing for low to moderate income earners is essential because most of these low-income earners can’t afford to pay the average Orange County $1,594 a month rent for housing.
Heritage Walk says its potential buyers may be expected to pay from $2,762 to $2,984 a month for the privilege of living in “affordable” housing built with our tax dollars.
Who will miss the use of tax dollars to fund private construction of affordable housing? Those who earn between $72,000 to $111,000 a year or those who will no longer be allowed to use public monies for private construction ventures?
But this is conjecture to be pondered by the good people of Fullerton.