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Message
re: NOLA Convention Entertainment District expansion delayed bc not enough affordable housing
Posted on 7/28/22 at 1:23 pm to dewster
Posted on 7/28/22 at 1:23 pm to dewster
quote:
HUD won't finance a project unless there are provisions for affordable housing. So they have to include some below market rates at least for a while.
False
Also, it was a HUD mortgage insurance program (not direct financing, not section 8) that made South Market District become a reality.
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