Reply to CEO caught living in ARHA housing

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]$550k, $230k where are you all getting this information? The post story should have listed his salary.[/quote]

Curiously, the ARHA doesn't post the employee salaries. They are an independently funded (ha ha) government organization and don't need to provide transparency at that level.

I think we will find that this sovereign government authority was not violating any of its own policies and that the federal government has no authority over that particular housing blocks because the money for obviously comes from a different block of grants. [/quote]

REALLY?!! WHO funds ARHA? Do you know? Also it's strange all cities employees salaries are listed online but but ARHA. What are they hiding? Funny the city claims "transparency" but clearly that's just a buzz word they like to use and it's meaningless to them. [/quote]

Google is your friend here: The Alexandria Redevelopment and Housing Authority (ARHA) is primarily funded through a combination of federal grants from the U.S. Department of Housing and Urban Development (HUD), revenue from its own housing units, and some funding and partnership initiatives from the City of Alexandria. HUD grants make up around 70% of that total funding.

It is independently funded in the sense that the majority of the funding does not come from Alexandria taxes (property, sales, etc). But it is overwhelmingly federally and municipal funded. And sometimes, it involves income received from their own developments, such as with this Chatham Square.

The real property for the location of Chatham Square was originally owned by ARHA with traditionally looking Section 8 apartments. Under Hope VI program, ARHA looked to go into a public/private partnership with EYA to sell them the land, have them build expensive, market rate townhomes and sell them for a huge profit. ARHA was going to take that money and use it to fund other projects and internal admin costs. Hope VI was for the replacement of poorly maintained Section 8 with other structures without a 1:1 replacement requirement, partially funded with HUD grants and other tax-exempt financing. The program was highly criticized as being basically gentrification and the removal of low income for the benefit of higher income.  ARHA and HUD were sued over this very issue for this project and the Section 8 units were a result of a settlement. Sooooo, you're wrong. All of those Section 8 units are federally funded.

If this guy wanted to live in that development, then he should have rented or bought one of the market rate units. [/quote]

I don't think you can make that statement with certainty. ARHA does development through VHD, LLC. Since that's a private company, claims could be made about particular units and the source of the funding.[/quote]

I absolutely can make statements with certainly because I worked on the deal. Why are you just trolling and making stuff up?

He was in a public housing unit/ section 8 in Chatham Square. The ONLY section 8 units in Chatham Square are the ones built in this deal. The very nature of Section 8 is HUD, otherwise it isn’t Section 8. Lower and middle income limits are set by HUD. ARHA doesn’t run private apartments like Charles E Smith. Do you even know what public finance is? You make zero sense.

Thanks for the laughs. [/quote]

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