Comments on: Building or Investing Opportunity http://hburgnews.com/2008/03/18/building-or-investing-opportunity/?utm_source=rss&utm_medium=rss&utm_campaign=building-or-investing-opportunity Harrisonburg's Community News Network Mon, 26 Mar 2012 22:09:32 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: marcus http://hburgnews.com/2008/03/18/building-or-investing-opportunity/comment-page-1/#comment-29290 marcus Wed, 19 Mar 2008 15:36:05 +0000 http://hburgnews.com/2008/03/18/building-or-investing-opportunity/#comment-29290 Scott - She did not suggest land, but I can try to find that out. She suggested that a portion of a building be designated for low income to receive the benefits (e.g. the nice facility going downtown on Mason/East Market or something like it could have a floor designated to low-income to receive benefits). I think the idea that opportunity for grants, tax credits and other perks could off-set some of the lost profits, but I'm not familiar with the numbers. Also thought in a time when all building is slowing down it might be an option worth looking into for builders. Scott -

She did not suggest land, but I can try to find that out.

She suggested that a portion of a building be designated for low income to receive the benefits (e.g. the nice facility going downtown on Mason/East Market or something like it could have a floor designated to low-income to receive benefits).

I think the idea that opportunity for grants, tax credits and other perks could off-set some of the lost profits, but I’m not familiar with the numbers. Also thought in a time when all building is slowing down it might be an option worth looking into for builders.

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]]> By: Jason Campbell http://hburgnews.com/2008/03/18/building-or-investing-opportunity/comment-page-1/#comment-29281 Jason Campbell Wed, 19 Mar 2008 12:28:47 +0000 http://hburgnews.com/2008/03/18/building-or-investing-opportunity/#comment-29281 Don't worry as you can see in the video linked below "the market" will take care of the lower income citizens. http://www.youtube.com/watch?v=CnnOOo6tRs8 Don’t worry as you can see in the video linked below “the market” will take care of the lower income citizens.
http://www.youtube.com/watch?v=CnnOOo6tRs8

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]]> By: Scott Rogers http://hburgnews.com/2008/03/18/building-or-investing-opportunity/comment-page-1/#comment-29244 Scott Rogers Wed, 19 Mar 2008 03:43:41 +0000 http://hburgnews.com/2008/03/18/building-or-investing-opportunity/#comment-29244 Marcus --- Thanks for calling attention to the need for low or moderate income housing in our area. My understanding is that the biggest challenge to building such housing is the cost of land and infrastructure (roads, water/sewer). Certainly, with denser housing (smaller lots or townhouses or condos), the land and infrastructure costs can be spread out over more housing units, but the costs are still there and increase every year. If a builder or builders were interested in such an opportunity, did Brooke have any suggestions on land that could be used for the project? Marcus — Thanks for calling attention to the need for low or moderate income housing in our area. My understanding is that the biggest challenge to building such housing is the cost of land and infrastructure (roads, water/sewer). Certainly, with denser housing (smaller lots or townhouses or condos), the land and infrastructure costs can be spread out over more housing units, but the costs are still there and increase every year.

If a builder or builders were interested in such an opportunity, did Brooke have any suggestions on land that could be used for the project?

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