Showing posts with label Nancy Jurkiewicz Rich. Show all posts
Showing posts with label Nancy Jurkiewicz Rich. Show all posts

Saturday, October 25, 2008

Fed Money Flows to Flint

The U.S. Department of Housing and Urban Development is handing out $3.9 billion nationwide to help alleviate the foreclosure meltdown. Genesee County's getting $11.7 million. You'd think the money might be used to assist homeowners who are facing foreclosure, right? Well, not exactly.

Joe Lawlor of The Flint Journal reports:
"Nancy Jurkiewicz Rich, the director of the city's Department of Community and Economic Development, said the city will use the money to focus on downpayment assistance and demolitions. The city plans to hire a consultant to help with the grant.

"'For Flint housing rehabilitation is not going to be the highest priority due to the age of the housing stock,' she said."
Wait a minute. Is this really the time to help people who can't come up with a downpayment buy a house? Isn't that one of the major factors that got us into this mess in the first place? Even better, the city's going to pay a consultant to tell them how to do it.

Wouldn't it make more sense to help the folks already in a house keep their home?