Biffy B For Mayor wrote:

Reformerus_Gianticus wrote:

strand tramp wrote:

i can certainly see a number of reasons why i would want to sue the city of hoboken and Metrohomes on this. it stinks for a number of reasons. this developer has made millions thru the back room deals in hoboken. who cares if he cannot sell his condos? nobody here i’m sure. if he wants to cut the prices and offer to all the world that’s fine. if he wants the city of hoboken to get involved in buying condos or acting as co-signer on a mortgage for city employees i say FU.
and i would like to take a moment to point out that i am completely in agreement with mr. easy-e on his above comments; “Too bad, move someplace you can afford…” absolutely! i too cannot afford NYC prices/taxes/living costs, so i live in Hoboken. if you cannot afford Hoboken you can move to one of the surrounding communities. easy-e is 100% correct. there is no reason for this waterfront community to continue to host housing projects. these people have no roots in the community. many were moved here from JC by troy washington when te housing projects they were in were closed by JC because of the rampant crime problem. so they brought their crime problem here! (housing projects are temporary anyway. people don’t live generation after generation after generation in free housing projects)
so as E-E stated, these people cannot afford Hoboken and should not live here.

I agree with you 100%. In no way should the City be involved in bailing out Metro homes. It was a matter of time before this rampant development caught up with these companies in Hoboken. Let them lose their shirts or sell at a loss.

Read the Hoboken Report dummies — unless this article is a complete lie, this agreement was made as a “we’ll help you if you help us” deal, waiving some unit size limits for the exchange of 5 units designated for working families of 4 who work for the city of Hoboken. These units will run around 299K and the families still have to come up with 10% DP.

Beth Mason had no idea that this was an already agreed upon deal, which the counsil approved in an open meeting back in 2005.

You must be a city resident to work for the city and this deal was aimed at helping those city employees who have a HHI no less than aprox 60K and no more than aprox 90K (family of 4).

It also said Beth may be put in the timeout chair for distibuting a confidential notice to the media.

If you can’t afford to buy, rent, just like everyone else.

While the COAH process may pave the way for affordable units, actually matching eligible families to affordable housing is handled at the local level, according to Chris Donnelly, COAH spokesman.

As part of the process, affordable units must be advertised throughout the housing region. For local municipalities, that region includes Bergen, Passaic, Hudson and Sussex counties.
People from the same housing region can be given preference for units within the region, but preferences for those already living in the host community are not allowed, according to the COAH manual for rented affordable units.

Applicants have to verify that their income falls into eligible categories. For example, in this area, the COAH has established that families of four with an annual income of less than $61,658 qualify for moderate-income housing. Families with an income of less than $38,536 qualify for low-income housing.

TrumpT3 wrote:

what’s this got to do with a bailout? the reporter article this weekend had a lot more details, and apparently this was approved in public at some council meeting back in ‘05…but it also goes into public officials living in subsidized housing already which is interesting to read…

TrumpT3-
If the city buys these condos I view it as a bailout because we know the Roberts Administration has a track of assets and their management:

1) The sell assets at too low a price (City Garage).
2) They will overpay for these apartments as a kickback to the developer.

That is a bailout in my book even if it is only 5 units.

Reformerus_Gianticus wrote:

strand tramp wrote:

i can certainly see a number of reasons why i would want to sue the city of hoboken and Metrohomes on this. it stinks for a number of reasons. this developer has made millions thru the back room deals in hoboken. who cares if he cannot sell his condos? nobody here i’m sure. if he wants to cut the prices and offer to all the world that’s fine. if he wants the city of hoboken to get involved in buying condos or acting as co-signer on a mortgage for city employees i say FU.
and i would like to take a moment to point out that i am completely in agreement with mr. easy-e on his above comments; “Too bad, move someplace you can afford…” absolutely! i too cannot afford NYC prices/taxes/living costs, so i live in Hoboken. if you cannot afford Hoboken you can move to one of the surrounding communities. easy-e is 100% correct. there is no reason for this waterfront community to continue to host housing projects. these people have no roots in the community. many were moved here from JC by troy washington when te housing projects they were in were closed by JC because of the rampant crime problem. so they brought their crime problem here! (housing projects are temporary anyway. people don’t live generation after generation after generation in free housing projects)
so as E-E stated, these people cannot afford Hoboken and should not live here.

I agree with you 100%. In no way should the City be involved in bailing out Metro homes. It was a matter of time before this rampant development caught up with these companies in Hoboken. Let them lose their shirts or sell at a loss.

Read the Hoboken Report dummies — unless this article is a complete lie, this agreement was made as a “we’ll help you if you help us” deal, waiving some unit size limits for the exchange of 5 units designated for working families of 4 who work for the city of Hoboken. These units will run around 299K and the families still have to come up with 10% DP.

Beth Mason had no idea that this was an already agreed upon deal, which the counsil approved in an open meeting back in 2005.

You must be a city resident to work for the city and this deal was aimed at helping those city employees who have a HHI no less than aprox 60K and no more than aprox 90K (family of 4).

It also said Beth may be put in the timeout chair for distibuting a confidential notice to the media.

strand tramp wrote:

i can certainly see a number of reasons why i would want to sue the city of hoboken and Metrohomes on this. it stinks for a number of reasons. this developer has made millions thru the back room deals in hoboken. who cares if he cannot sell his condos? nobody here i’m sure. if he wants to cut the prices and offer to all the world that’s fine. if he wants the city of hoboken to get involved in buying condos or acting as co-signer on a mortgage for city employees i say FU.
and i would like to take a moment to point out that i am completely in agreement with mr. easy-e on his above comments; “Too bad, move someplace you can afford…” absolutely! i too cannot afford NYC prices/taxes/living costs, so i live in Hoboken. if you cannot afford Hoboken you can move to one of the surrounding communities. easy-e is 100% correct. there is no reason for this waterfront community to continue to host housing projects. these people have no roots in the community. many were moved here from JC by troy washington when te housing projects they were in were closed by JC because of the rampant crime problem. so they brought their crime problem here! (housing projects are temporary anyway. people don’t live generation after generation after generation in free housing projects)
so as E-E stated, these people cannot afford Hoboken and should not live here.

I agree with you 100%. In no way should the City be involved in bailing out Metro homes. It was a matter of time before this rampant development caught up with these companies in Hoboken. Let them lose their shirts or sell at a loss.