Because centrally-planning the market and the double seasonally-adjusted economy was not enough, the Obama administration is now set to create a wealth-adjusted community utopia. According to The Hill, the administration is moving forward with regulations designed to help diversify America’s wealthier neighborhoods, such as building affordable housing in more affluent areas.
The official title of Obama’s latest proposal to have the government centrally-plan your community: The Affirmatively Furthering Fair Housing rule, a name that only the person who penned the US Freedom Act could have come up with.
The underlying motive: “unfair” segregation sprinkled with a hint of latent racist guilt. ”
A final Department of Housing and Urban Development (HUD) rule due out this month is aimed at ending decades of deep-rooted segregation around the country. “HUD is working with communities across the country to fulfill the promise of equal opportunity for all,” a HUD spokeswoman said. “The proposed policy seeks to break down barriers to access to opportunity in communities supported by HUD funds.”
While the proposal would seek to downshift upscale communities, it would also gentrify poor areas:
The regulations would use grant money as an incentive for communities to build affordable housing in more affluent areas while also taking steps to upgrade poorer areas with better schools, parks, libraries, grocery stores and transportation routes as part of a gentrification of those communities.
But is Obama really going to build a project next to 740 Park Avenue? Not if Obama’s wealthy backers have anything to say about it: “the proposal is drawing fire from critics who decry the proposal as executive overreach in search of an unrealistic utopia.” “It’s a tough sell for some conservatives. Among them is Rep. Paul Gosar (R-Ariz.), who argued that the administration “shouldn’t be holding hostage grant monies aimed at community improvement based on its unrealistic utopian ideas of what every community should resemble.”
Full Story @ [Zero Hedge]