Starrett City is the nation’s largest subsidized housing complex. It sits close to New York’s JFK Airport. The complex reels in a lot of money. Trump has called Starrett City “one of the best investments I ever made.” Except, it was actually Trump’s pop who made the investment, according to a representative of Starrett City. The Donald’s investments, like Trump University, didn’t do quite as well.
In Trump’s budget, he viciously slashes federal housing subsidies for orphans, the poor, the sick and the elderly. Sorry folks, but our president doesn’t care too much about them. However, he has refused to slash a certain kind of housing subsidy. This sort of subsidy is paid to private landlords, like those who own Starrett City.
Trump’s dear old dad left him a 4% stake in this massive Brooklyn complex. He makes more than $10 million a year on this one property. As a result, you could understand why Trump may not want to slash THOSE subsidies. Under Trump’s proposed budget however, all of the other families living in subsidized facilities across the country will be kicked out into the snow.
I wrote an article the other day, about how he selected his own nanny to lead the Department of Housing in the New York region. Now, the amount of money being paid to Trump regarding this massive investment, will be handled by someone who has lived with the Trump family for years. I even suspect that Trump plagiarized her resume, so that she appeared worthy of her position. I explain it all in my article.
In a way, I agree with Donald Trump. He won the election. People were informed of this immense conflict of interest, but still voted for him. Why should he do anything different now? I’m sure he justifies it in his YUGE orange head, thinking that the voters don’t care about it.
Trump’s proposed budget will cut public housing a whopping 29%, according to Douglas Rice, a senior policy analyst at the Center on Budget and Policy Priorities, NYMag article. However, the program that sends aid to Starrett City will only go down a half percent.