Thursday, May 10, 2007

More on Jorge Perez's Affordable Loft One: By Geniusofdespair

This "workforce" affordable housing scam has got to stop. It is a fraud in the way it is administered.

I agree with Jorge Perez on Loft One when he says in a Letter to the Editor today in the Miami Herald:

"In retrospect, both the developer and the public sector should have put more income and time restrictions on re-sales to avoid speculation and profiteering. As in all affordable jobs, there are lessons to be learned and room for improvement."
"...If the system had cracks that produced unintended consequences, let's work together to close those loopholes."

I don't blame the developer as much as what he politely calls the "Public Sector." The public sector is the City of Miami and Miami Dade County. They should have imposed restrictions BEFORE they forked over our hard earned dough: $2,000,000. Let's face it, a developer is not going to look out for our best interests. Ever.

There shouldn't be cracks. Anyone without a noodle for a brain could have figured out the loopholes BEFORE the condo's were up for sale. Greenberg Trauig attorney Clifford Shulman is a master at figuring out loopholes. Just ask the City of Sunny Isles. He could have sniffed out every loophole for the County and the City of Miami in two minutes. Do some good with that skill, Clifford!

Why, Jorge, did the county and city employees get first dibbs on the apartments?

I took a quick look at the public records on the earliest buyers:

Irain Gonzalez, is he the Chief of Operations for the City of Miami? He paid $128,83 for his unit however he doesn’t live there. He took his 2005 and 2006 homestead at another address.

Rolgues _____ is a award winning (and purse winning) poker player, if he is the same one who purchased an apartment for $205,900. He took his homestead for 2005 and 2006 at another address near the Venetian Causeway.

A guy named Alejandro ____ bought in 12/05 owns 3 other properties in excess of a million dollars.

A person first name Naeem ___, President of a mortgage company, bought one at the Loft for $125,900 December '05. In May ‘06 she/he was having a tenant evicted at that address. It would appear it was rented out immediately. Was there no one or two year living requirement? Most condo's have those. Naeem does not take a homestead exemption at the Loft address.

Not even a residency clause Jorge? That is your fault.

3 comments:

Anonymous said...

Haven't we learned enough from this blog to know that local government here and almost everywhere are one in the same with the economic elite.

Geniusofdespair said...

Anon -
We should never, ever stop pointing it out. We must
hammer people over the head with this information. We should shout it to the rooftops.

Or just give up.


I am taking the first road. Some how, some way, we will wake up this populace...I will write and write and write until I get carpal tunnel.

Anonymous said...

It was odd that Related developers received $1 Mil to $2 Mil to build Loft 1 to make sure it provided affordable housing and then they did not bother to verify buyers income. Did you see Manny Diaz's campaign manager, Al Lorenzo, made $92,000 flipping his unit with weeks of closing?