The Affordable Housing Task Force met on Monday the 27th to discuss the information Jonathan Leist, Culver Town Manager, had assembled through various meetings. I attended four of the six meetings he reported on and was able to help fill in background. In a nutshell, there are opportunities and developers that can be enticed to do work.
In a MCEDC site visit with Elkay, we were able to recruit Elkay’s management to assist us in our endeavors. Two Elkay representatives attended the Monday meeting and brought demographics for our use. They also volunteered to help with surveying to determine how many Elkay employees would be interested in relocating to Culver if housing were made available.
In the meeting with IHCDA, we learned that funds are available, but only for income based housing projects, not market based housing. We did find that much of the projected income based rental rates are actually above the local market rate rents.
The Task Force agreed that it would be prudent to pursue both market based and income based housing to keep our options open. The group tasked Jonathan to take a couple of things before the Town Council: 1) A budget for a Needs Assessment Survey and 2) A tentative agreement to consider tax abatement for the properties. (Tax Abatement was requested by all of the developers Jonathan met.) Jonathan accomplished #2 at last night’s Council meeting, but #1 was not approved as it would require an additional appropriation for the unbudgeted cost.
Image Source: www.homeloanstoday.com
Today is National Tax Freedom Day for 2015. Fortunately for those of us in Indiana, ours was back around the 18th of April, so this week’s paycheck is ours!
When I was reading this, I ran across this article talking about how poorly Americans did on understanding the U.S. Tax code. I think I got 80%, but I’m going to agree with the article in saying some of the questions were a bit tricky. I knew what they were talking about at least, though maybe not the specifics.
If you choose to read the article, check out some of the comments as well. There was an interesting argument thread between the Taxed Too Much crowd and the Taxes Pay For Benefits group. I tend to lean toward the former, but the latter made a few good points.
Happy Tax Freedom Day!
Image Source: Tax Foundation
I sit on the Affordable Housing Task Force for Culver and as part of that as well as wearing my MCEDC hat, I sat in on a meeting at the Culver Library with Darin Edwards, Underwriting and Closing Manager for IHCDA. The meeting was arranged by Jerry Chavez, MCEDC Executive Director, and included representatives from the Marshall County communities of Culver, Argos, Plymouth and Bremen.
We had a retirement party for Will & Kathy Pearson on Saturday night. Kathy was with Easterday Construction for over 38 years and Will was here somewhere around 25 years. As discussed in a previous post here, they will be missed.
Almost everyone in the crew was able to come out for the party. We shared a lot of memories and everyone had a good time.
Artist’s rendition of downtown Sandpoint, Idaho – Home of Solar Roadways Graphic design by Sam Cornett
I ran across this site for Solar Roadways the other day. This is a pretty cool concept if they can get it off the ground. The basic concept is to “pave” roads and sidewalks with durable solar panels. Not only would they generate electricity, theoretically paying for themselves, but also have benefits:
It seems like there are lots of possibilities if this works out. It’s conceivable that every home could have a driveway from this material as supplemental power.
The company is generating funds from a Federal Highway Grant as well as crowdfunding. (Linked at their site.) Check them out. They have a lot of cool pictures… some conceptual and some actual prototypes.
Image Source: Solar Roadways