published Sunday, October 23rd, 2011

Expensive housing for the homeless

Along with other government funding, the $862 billion federal "stimulus" recently provided $1 million to help pay for the construction of a three-story apartment building in Bethesda, Md., that will house just 12 formerly homeless people.

We don't begrudge compassionate efforts to provide shelter to those in need. But this project is full of exactly the sort of waste that makes so many Americans cynical about federal spending.

The new building -- whose total price tag was $4 million -- has 12 apartments for its new occupants, The Washington Examiner reported. It will have a fitness center, an enclosed courtyard and a community room, among other amenities.

Yet it will house only about 1 percent of surrounding Montgomery County's population of homeless people. And with the apartment building taking in only 12 people -- at a total price of $4 million -- the average cost per resident will be more than $333,000!

As National Review magazine noted, that is far higher than the nationwide median price of a home -- about $222,000.

Does that sound like a cost-effective use of your tax dollars?

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conservative said...

UNION WAGES!

October 23, 2011 at 7:31 a.m.

Actually, I heard that the 4 million dollar figure was not for the building itself, but the cost of the whole support program, and at least half of it was in tax credits. That means somebody contributed some lesser figure, but gets much more in tax credits as a form of encouragement.

So...I'm going to ask that the editorial writer here do some actual fact-checking and come back to us with a clear and honest report on the details of where the money went.

October 23, 2011 at 1:51 p.m.
rolando said...

Then again, newbulbs, perhaps the reporter got it right to start with and you are the one who needs to do some actual fact-checking and provide us with the details..

October 23, 2011 at 2:06 p.m.
LibDem said...

It's an editorial. No reporters involved.

October 23, 2011 at 2:52 p.m.
conservative said...

It gets better, now the "homeless" have an address to receive all those government checks.

October 23, 2011 at 3:35 p.m.

Rolando, if the Timesfreepress wants to start paying me for my time, I'd be willing to do it.

LibDem, does that mean no fact-checking as well? This story has been bounced around the blogosphere a bit, but it is lacking in details on the sites, so I wonder if somebody isn't making a conclusion based on whatever specious set of facts they can draw together.

October 23, 2011 at 3:53 p.m.
LibDem said...

This editor frequently runs with a feed from interested parties. There's no reporting involved, just repeating.

October 23, 2011 at 5:50 p.m.
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