Friday, February 25, 2011

'Shovel Ready'........................or not

Beacon Communities Development wins affordable tax credits for Easton project located at the old Ames Shovel Shop


   Some are just thrilled with still another low income housing project.  On second thought, may be I should be "thrilled" as well because sooner than later, we will all be living in low income housing projects, or tents for that matter!!!!  About my first thought, it was that a shovel company that produced a product and hired people is gone forever and so are those jobs.  Shovel Ready?................hmmmmmmmm

Beacon Communities Development has been awarded $2.8 million in affordable-housing tax credits to renovate the historic Ames shovel factory complex.
Josh Cohen, development director for Beacon, said the company was “thrilled” with the award, announced by the governor’s office as part of $71 million pledged for affordable housing projects in 21 communities across the state.
“We’re honored,” said Cohen. “The support of (the state Department of Housing and Community Development) means this project is going to move forward and go into construction this year. It’s a very substantial portion of the total funding needed for this development.”
Cohen said Beacon hopes to break ground in late summer or early fall on the project, which will convert the shovel complex into 119 apartments. Thirty will be rented at below-market prices and 12 will be set aside for families with “extremely low income,” according to the state announcement.
read on 

   Oh yes, the money spoken of is from you and from me, but I thought we have no more money................

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