Vote for John Carlson on Election Day,
Tuesday, November 8th."
how the Common Council gave money to a private
developer. The city has no business giving money
to a private developer. The city's money is your
money.
John Carlson exposed the giveaway. The money
should have been, at least, loaned to the developer.
Click on the following link to read the full story that
was published on www.WPCNR.com:
Article by John Bailey (see Carlson's sources and uses
of funds analysis)
Read on about other waste and mismanagement:
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- WPCNR MR. & MRS. & MS. WHITE PLAINS VIEWS.
July 21, 2005: John Carlson the former Bank of
Scotland money man running for Common
Council has some reservations about the city
providing down payments to citizens it considers
deserving, a policy written about in last Sunday's
Gannett paper. Mr. Carlson had originally written
the letter to The Journal News, which refused to
publish it, giving him the reason that Mr. Carlson
was a candidate for office. He has asked The
CitizeNetReporter to bring his letter the public
since the Journal News policy he is told prevents
publishing letters from candidates. Ever the
faithful facilitator of diligent discussion of issues,
WPCNR obliges:
To the Editor (Journal News):
Susan Elan's article "White Plains proposes
changes to affordable housing program" seems to
paint the City's program as a "giveaway" and
leaves a lot of unanswered questions. The article
said that the City provided a "down payment loan
at 2%".
To many of our neighbors who saved for the
down payment on their own home, this 2% loan
doesn't seem fair. Some feel that the City is
giving away money. For the risks assumed by
the City, what is the best we can hope for? Just
the borrower repaying the loan and paying a scant
2% interest rate?
The City and the taxpayers appear to be taking all
or most of the risk. This is unreasonable. We're
not seeing any upside if the owner is allowed to
keep the profit on the sale while we could suffer a
loss if the owner defaulted. Furthermore, if the
buyer provides only a minimal down-payment (or
none at all) our downside risk would be
particularly onerous.
The solution may be something called
"Warrants". This would give the City the right to
share in ownership. Then owner and the City
would both be able to "share in the upside".
Also, monies gained by the City's use of warrants
could be used to create a "self funding" program
for assisting those who can't afford to purchase
housing.
If elected to Common Council I would work
toward making the program "fair for all" and "self
funding".
Sincerely,
John Carlson
"The fresh
candidate with
the right skills
for serving the
citizens of White
Plains better."
“He can do a better
job in serving the
people of White
Plains, November
8th is time for a
change.”
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