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re: HUD development half a block from my home

Posted on 12/4/21 at 9:50 pm to
Posted by KCM0Tiger
Kansas City, MISSOURI
Member since Nov 2011
15574 posts
Posted on 12/4/21 at 9:50 pm to
Actually, this is in my professional wheelhouse. HUD doesn't necessarily mean what you think it means.

There are a lot of HUD developments, especially new construction, that utilized HUD financing for construction of luxury, top-of-the market apartments.

Yes HUD does a lot of financing for less affordable properties, but I promise you'd be surprised by the amount of luxury apartments built using HUD $$$
Posted by thejudge
Westlake, LA
Member since Sep 2009
14098 posts
Posted on 12/4/21 at 9:59 pm to
quote:

There are a lot of HUD developments, especially new construction, that utilized HUD financing for construction of luxury, top-of-the market apartments.


This one specifically states for 60% or lower area medium income and people with mental and physical disabilities.
Posted by Cosmo
glassman's guest house
Member since Oct 2003
120550 posts
Posted on 12/4/21 at 10:01 pm to
quote:

you'd be surprised by the amount of luxury apartments built using HUD $$$


In Westlake?
Posted by LSUtoBOOT
Member since Aug 2012
12558 posts
Posted on 12/5/21 at 4:46 am to
quote:

Yes HUD does a lot of financing for less affordable properties, but I promise you'd be surprised by the amount of luxury apartments built using HUD $$$


In time, every apartment complex becomes a rundown slum. Condolences on your new neighbors.
Posted by Armymann50
Playing with my
Member since Sep 2011
17245 posts
Posted on 12/5/21 at 5:35 pm to
quote:

luxury apartments built using HUD $$$


he so lucky
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