Posted by Jack Hickey, a resident of the Woodside: Emerald Hills neighborhood, on Feb 27, 2008 at 9:09 am
You say "...it is difficult to imagine a more suitable project for the college, which can build the units at a rock-bottom price by using its own land, employing tax-exempt financing, and avoiding property taxes thanks to the exemption for higher education. And, there is no profit motive in this project."
I say that this project and others which provide below market rent to categories of employees which are deemed to be more important than others is unethical.
All men are created equal. What about equal opportunity?
Subsidized housing for such employees should be included in their total compensation package, a figure which is rarely disclosed by public agencies. We need full disclosure of ALL such expenditures.
And, why should property tax exemptions apply to these facilities? Who pays for the services these properties require?
A home is a home is a home! We don't need special treatment for housing.