Tuesday, May 22, 2012
Instead of an economic shot in the arm, a shot in the foot
State leaders’ inability to balance the budget has stalled construction of low-income housing units. Wary Wall Street lenders are contributing to delays.
The din of construction is missing from the eastern edge of the Hollywood Walk of Fame, where workers had hoped to break ground on a 70-unit affordable-housing complex months ago. No nail guns are firing. No hard hat-wearing workers are milling about.
Instead of an economic shot in the arm, a shot in the foot
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