If you are a single person earning $53,760 a year, or a family of four with annual income of $76,800, would you expect to qualify for subsidized housing in the city of Uniontown? Probably not.
But those are exactly the thresholds to qualify for new houses in the Maple Street Estates complex, being overseen by the Uniontown Redevelopment Authority.
Here in the patch, we were stunned to read in HeraldStandard.com that the first three of these houses are built. They are appraised at $144,000, $136,500 and $135,000, but each of them also apparently qualifies for a $30,000 grant and a $10,000 deferred loan. ("Uniontown Redevelopment Authority approves parking lot sales agreement," HeraldStandard.com, August 10)
That type of subsidy would ostensibly take the price of the $144,000 house to $104,000, the $136,500 house to $96,500, and the price of the $135,000 house to $95,000.
That's a pretty sweet deal -- if you can get it. Who wouldn't like a 27 percent reduction on the fair market value of a new home, even if you are a single person making nearly $54,000 a year, or a family of four making nearly $77,000 a year?
Most single people we know in Fayette County are perfectly able to buy their own home on a salary of $54,000 without a federal subsidy. Same thing for a family of four with $77,000 of household income.
Down the road, we would be just a tad curious to know who these lucky homeowners turn out to be. According to the story, the names of nine people are already on a list being kept by the redevelopment authority.
Here in the patch, we'll lay you 3-1 odds that many, if not most, of these homes end up in the hands of people who have some type of connections. We would love to see HeraldStandard.com inquire about seeing that list, and asking a few question about how the winners of this sweepstakes will be chosen.
After all, this is a project subsidized by the federal Neighborhood Stabilization Program and overseen by the Uniontown Redevelopment Authority, so it should all be public information.
Those of you who wonder why the federal government is broke now have part of the answer. It is providing $40,000 subsidies to families with incomes of $77,000, so they can buy $144,000 brand-new homes for $104,000, in a county where many people earning far less are able to buy their own homes in that price range and above.
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