Category Archives: Affordable Housing
Peary Court Mind Bender
Saw this in the paper this morning: City staff: Wait on seeking Peary Court lender. So Key West voters are supposed to vote on purchasing Peary Court without having any idea what the terms of the loan are? Really??? So … Continue reading
Peary Court – Not Adding Up
Update: Revised to include Area Median Income (AMI) chart. The purchase of Peary Court is such a high priority for some in Key West, that they are willing to pay $55 million for a property that was purchased for $35 … Continue reading
Keys Media – Blowing Our Minds With Truth
There’s been some great work in the local Keys media lately. Here’s a rundown of some of my favorites. As we know, Peary Court is shaping up to be the next big taxpayer rip-off. The Bluepaper is exploring another angle … Continue reading
Peary Court – Resource Suck?
At this point, most reasonable people would agree that the purchase of Peary Court doesn’t make a whole lot of sense. What we’re being told is that the City of Key West plans to buy the property for $55 million … Continue reading
Peary Court – Many Questions
Update: There are a lot of people way ahead of me on this. Check out the discussion here. I found the bit about comparable rents especially interesting. The Peary Court purchase is a very small piece of the affordable housing … Continue reading
Peary Court – The Next Big Rip Off?
Update: There’s a nice write-up at goodmorningkeywest.com on this. It actually answers some of the questions I asked below. And here’s a link to the Housing First PAC started by Key West officials to push the purchase of Peary Court … Continue reading