Loans vs Grants

Why not call them grants if you never expect to be re-paid?

City leaders say that providing affordable housing to poor people outweighs the financial risk.

Managers at these 24 complexes have re-paid a total of $881,000. of a total of $12.5 million. That leaves a total of $11,619,000.00 owed to the TAXPAYERS with the promise of collecting ....Nil.

Councilwoman Claudette Burroughs-White says "The issue for me is that people have a place to live".

I agree with that but if the need for affordable housing in Greensboro is so great, why are the vacancy rates at these complexes so high?

Florence Gatten said "A decade ago the citizens made a commitment to spend money on low-income housing. Maybe it's time to revisit that choice with Taxpayers".

I second that.

Better yet, since the taxpayers are paying for those apartments to sit empty, why don't we use them to REALLY help someone. Why don't we get some homeless people off the street and out from under the bridges and abandoned loading docks. Really try to help someone. Give them a place to live and a fresh start.

After all the apartments are sitting there empty and the taxpayers have already paid the rent.