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Gerry Connolly’s Housing Plan Extremely Unpopular
By Greg L | 1 July 2008 | Gerry Connolly, Fairfax County | 16 Comments
Gerry Connolly’s hugely unpopular idea to get Fairfax County in the residential real estate business got mentioned in the Washington Post recently. Online reader comments on the article are running ninety against to one in favor of having Fairfax County use taxpayer money to buy foreclosed homes. Will this deter Boss Gerry Connolly from his experiment in locally nationalizing housing in Fairfax County?
Not likely. Especially if there’s a way he or his developer buddies can turn a profit from it. No, regardless of how Fairfax County taxpayers absolutely hate this ridiculous idea, Gerry Connolly is moving forward with his plan. Just wait and see how much this boondoggle costs county taxpayers, and what happens to these taxpayer-subsidized homes.
Here’s the scam: the county buys foreclosed properties, effectively having the county assume the risks for lenders that made dumb lending decisions. Then, they’ll sell these properties at a loss to folks that otherwise couldn’t have afforded these houses. Alternatively, the county will get in the mortgage business and compete with private industry by guaranteeing the loans for people to buy foreclosed properties, who one would expect wouldn’t have financially qualified without these loan guarantees.
Unreal. No wonder Fairfax County residents are upset.
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And this is what Cathy Hudgins (R-Hunter Mill, Reston and parts of Vienna) sent her constituents i her “News From The Board” monthly E-Newsletter.
“Action 3: Authorized (with condition that Housing and Community Development present Board with a complete set of purchasing criteria prior to the July 21, 2008 Board of Supervisors’ meeting) implementation of a new initiative to address Home Foreclosures in Fairfax County and to reallocate funding to support this initiative The goal is to assist distressed homeowners through counseling, offer an opportunity for affordable homeownership to first-time homebuyers and at the same time, help to stabilize impacted neighborhoods.”
Oddly enough, there is no mention of the actual cost to the tax payers - $10M big ones. Nor does anyone on the Board mention where this money will come from. According to finanical experts:
We are in a recession;
Our schools are overcrowded, lacking supplies and some of the buildings are in disrepair;
Our infrastructure sucks (no other way to accurately describe it); and
No one even has a clue how much of our tax dollars has been diverted to the General Fund for allocation to programs benefiting illegal aliens without being traced.
And now, the Fairfax County Board of Supervisors wants to get break into the Real Estate and Lending Business. And their start-up funding? no risk Tax Dollars.
Cathy was also most arrogant and condescending during her campaign (prior to and since) when asked why it was necessary for the Board to hand out building permits like lollipops at the Doctor’s office. Her response was that Fairfax is what it is today because of the County’s careful and well thought out growth program.
And look around at what Fairfax is today!
Gerry Connelly was on Lou Dobbs last night talking about his plan.
Lets see, we can’t move in traffic, we can’t get schools repaired, we can’t get new schools built, roads need maintenance, day labor sites are being subsidized, and now we are going to bail out those who shouldn’t have been given a loan in the first place . . . okay I get it. Ain’t Fairfax County wonderful.
If you have your hand out and there may be a vote or two attached, no problem. Also, if you want to build in Fairfax, no problem, the county will not be satified until every possible square inch of property has something built on it. Look at all the proposed towers (about 13-15) to be build in Tyson’s when the Metro finally happens. I guess the county can just ignore the empty business buildings along Route 28. The price of gas isn’t the only thing we are getting screwed for! Oh, I forgot, when the democratic candicate is elected president the democrats are going to rally and save the day. But don’t they already have control and for almost two years now? When will it end.
No updates yet today, Greg? Must be spending too much time on the radio (I heard you on the way in)!
Actually, you want to watch that snarling, spitting, rabid rhetoric.
It’s a great idea……if you’re a Marxist. This is yet another go at redistribution of wealth by our elected officials.
Do we need such scam in the name of an affordable housing market? This fiasco that we are in now is a result of their failure to accept the fact that some people are not ready for homeownership.
Their plan to lower the standard of living for the middle class American is not working as planned. We now have the chicken coups, trash heaps, overcrowding and lawlessness that many here in suburbia were economically separated from in the past. Now government officials want us to show our appreciation by paying for the privilege of this forced “diversity” byway of our tax dollars. Again.
Yay! More illegals will leave PWC and flood into FFX for free housing! Let’s put up posters with directions!!
Johnson said on 2 Jul 2008 at 1:00 pm:
…and fed-up, tax-paying, legal, law-abiding FFX residents and businesses will high-tail it to PWC where they don’t have to put up with the same sort of crazy shenanigans.
Guess Gerry & Co thought that PWC’s plan to help county teachers, Firemen, and Police officers, etc. purchase foreclosed properties wasn’t illegal and lucrative enough.
Wine Please-
Come to the promised land! Bring your tool box and buy a fixer-upper! As a native of FFX Co., I’d love to see the huddled masses come out to PWC.
Will they be checking citizenship if they implement this plan?
If the grantor’s tax that’s in HB6055 becomes law, Connally may become the biggest landlord in Fairfax County!
That might make him rethink this whole Congress thing.
I have a friend who works for Fairfax Co. government.
She was told that, per the usual, no one working for Fairfax County is to ask whether the applicants are legal or illegal residents of the US.
L.King said on 2 Jul 2008 at 4:44 pm:
I have a friend who works for Fairfax Co. government.
She was told that, per the usual, no one working for Fairfax County is to ask whether the applicants are legal or illegal residents of the US.
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Your friend is correct. Connolly has said this publicly several times.
During the Campaign Meet & Greets, Cathy Hudgins said it’s impossible for the County to verify ID - get this - “Their IDs looks so real and they have good lawyers.”
Faifax may not be as much of a sanctuary as Arlington and Alexandria City, but it sure is closing the gap.
Wouldn’t that be aiding and abetting an illegal alien? Isn’t that a felony? Maybe Connelly will be in jail before the November election. One can hope!
James Young, I like it when Greg has spit flying out of his mouth on TV, makes him look like a rabid fox.
I was being somewhat facetious, Harry. Greg was a model of even-temperedness and reasons on the Chris Plante show yesterday.
I have checked on several of the houses for sale in my neighborhood and they are trying to get rid of them quickly. They are selling them for 100,000 to120,000 less than what they paid for them and 70,000 to 100,000 more than what the tax assesment on them.