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December 6, 2016

Real Estate Neighborhood Income Diversity

by San Diego homes for sale

Real Estate Neighborhood Income Diversity

Bob Schwartz is a San Diego real estate broker with over 3 decades of residential real estate experience.

San Diego real estate neighborhood diversity may soon be coming to your neighborhood! What I’m talking about here is income diversity. Yes, this is the latest ‘under the radar’ utopian social engineering being pushed by the Obama administration.

The administration is using the Department of Housing and Urban Development (HUD) to implement the new neighborhood income diversity program. The Obama administration is moving to implement income housing diversity in the upscale and wealthier neighborhoods across the country.

Real Estate Neighborhood Income Diversity

These new HUD regulations which were quietly implemented last year, are applicable to all cities and communities that accept HUD funds for low income affordable housing developments, currently there are approximately 1250 communities nationwide (including San Diego County) that would be affected under these new regulations.

Under the new regulations, the 1250 communities are now required to examine patterns of neighborhood segregation and develop plans to address it. Those communities that don’t comply would lose the HUD funds that are now allocated to improve blighted neighborhoods and develop more affordable housing.

Here’s what a HUD spokesman said about the program: “HUD is working with communities across the country to fulfill the promise of equal opportunity for all. The proposed policy seeks to break down barriers to access to opportunity in communities supported by HUD funds.”

For those that may not be familiar with political speak, what HUD is saying to communities across the country that want to improve their blighted housing areas and develop more affordable housing , is that unless they comply and income diversify their middle-class and upbeat and upper income communities, HUD will cut off their funding. In other words this is government blackmail.
The left’s rationale is that communities in the United States have a history of putting affordable housing in poor areas and that under the fair housing act of 1968, the HUD is obligated to take action. The Right argues that the Fair Housing act of 1968 applies to racial discrimination in housing and that the new interpretation that it encompasses income diversity is off base.
Rep. Paul Gosar (R-Ariz.) said: “American citizens and communities should be free to choose where they would like to live and not be subject to federal neighborhood engineering at the behest of an overreaching federal government.”

Another critic of these new regulations said: “HUD bureaucrats will be in a position to decide on their own whether your particular town meets their ideal of racial and income distribution, and if you don’t meet their ideal of that mix, you’re not going to get any money.”

 

 

Real Estate Neighborhood Income Diversity

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