An affordable housing project backed by the city and HUD turned into a fiasco when the non-profit developer bought the properties at inflated prices, took on additional debt to renovate them and eventually went bankrupt. … This isn’t the only HUD funded project with troubles. (Post)
To close a tax loophole?
Mayor Gray proposed closing a tax loophole on corporate earnings estimating it would raise $22M. Jack Evans’s finance committee wants to leave it on the books if the CFO revises up his 2012 revenue forecast. (Examiner)
After more than a month of investigations and new revelations, it’s still unclear whether Mayor Gray’s campaign promised Sulaimon Brown a job in his administration in exchange for campaigning against Adrian Fenty. (WAMU)
A greenway isn’t enough
Three years after burying a freeway, the parks Boston created are still pretty devoid of people, showing how it takes more than just creating “green space” to make successful urban parks. (Boston Globe)
While funding referendums and ballot initiatives can often make it harder to get infrastructure projects off the ground, once passed, they can insulate projects from political and economic troubles, ensuring ongoing support and completion. (RPUS)