With the Covid pandemic, the Feds pumped more money into the municipalities than they know what to do with. Never fear, the non-profits and bureaucrats are stepping forward with solutions for that dilemma.
Allentown City Council is allocating a $millon for affordable housing on the former parking lot of the former Lehigh Valley Club. In more prosperous days of yesteryear, that facility hosted wedding receptions for the well heeled.
There's another proposal up the block on the county level, to restart the Lehigh County Redevelopment Agency. You would think that after the state diverted a $Billion to Reilly for his privately owned, publicly financed empire on Hamilton Street, we wouldn't need another redevelopment agency. But let's not co-mingle Reilly's good fortune with bureaucratic opportunities.
Actually, that redevelopment agency might be needed sooner than this post indicates. I believe that current prices being paid for downtown rental units exceeds the cash flow that they will yield. I'm expecting a lot of boarded up buildings, but that will be a post topic in the future.
The postcard shown above is of the dining room in the former Lehigh Valley Club. Its former parking lot will now house affordable housing, built by a development company seeking $1million from Allentown's federal Covid fund chest.