Town Square

Post a New Topic

Letter: Council's 'house-flipping' plan is not realistic

Original post made on Apr 7, 2009

Just a couple of years ago, the city government in Menlo Park cried poverty, and used that excuse to convince voters to approve a utility users tax.

Read the full story here Web Link posted Wednesday, April 8, 2009, 12:00 AM

Comments (1)

Posted by Elizabeth Lasensky, a resident of Menlo Park: Downtown
on Apr 7, 2009 at 1:15 pm

Brian Schlar's letter is full of confusion and error. First he states that the city will make a profit on the foreclosed homes in Belle Haven. Then he says the city will lose money.

The funds used to purchase the foreclosed homes will come from the BMR fund, which developers pay into. City general funds have not and will not be used for these projects and neither will the utility user tax, which has nothing to do with this issue.

We are working with experienced real estate people and two non-profit organizations to make these programs work.

Unlike many cities, Menlo Park is in a position to act on its foreclosed housing problems to help stop the slide in property values and decline in neighborhoods.

Good for Menlo Park for stepping up to the plate.

Elizabeth Lasensky
Housing Commissioner

If you were a member and logged in you could track comments from this story.

Post a comment

Posting an item on Town Square is simple and requires no registration. Just complete this form and hit "submit" and your topic will appear online. Please be respectful and truthful in your postings so Town Square will continue to be a thoughtful gathering place for sharing community information and opinion. All postings are subject to our TERMS OF USE, and may be deleted if deemed inappropriate by our staff.

We prefer that you use your real name, but you may use any "member" name you wish.

Name: *

Select your neighborhood or school community: * Not sure?

Comment: *

Verification code: *
Enter the verification code exactly as shown, using capital and lowercase letters, in the multi-colored box.

*Required Fields

David's Tea: now open in downtown Palo Alto
By Elena Kadvany | 6 comments | 2,761 views

On Tour at Selective Schools: Chapman, La Verne, Redlands, Whittier
By John Raftrey and Lori McCormick | 0 comments | 1,555 views

Universal Language
By Cheryl Bac | 4 comments | 1,530 views

Anglo Menlo Park
By Paul Bendix | 0 comments | 539 views

Council election, and then some.
By Stuart Soffer | 1 comment | 297 views