Monday, January 26, 2009

Half the room, all the assessment in Roseville

Half the room, all the assessment in Roseville: "At least a half-dozen suburbs have declared a condominium or townhouse -- or a cluster of them -- 'housing improvement areas'' eligible for city-backed loans. The designation is from a 1996 law to help cities prevent these high-profile buildings from deteriorating, as well as to give homeowners a longer-term loan to repay than a big one-time assessment."
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Cities bailing out condos to prevent blight? Who predicted that long ago?, he asked rhetorically, knowing the answer.

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