#150 Summer 2007 — Subprime Slide

Half-Truths on the Hudson

Through the rose-colored glasses of USA Today, Jersey City looks fabulous. America’s newspaper ran a feature article describing how the Hudson County city-long before “The Sopranos,” the butt of a […]

Through the rose-colored glasses of USA Today, Jersey City looks fabulous. America’s newspaper ran a feature article describing how the Hudson County city-long before “The Sopranos,” the butt of a thousand Jersey jokes and synonymous with everything that ails urban America-has undergone an extreme makeover. Only problem is, the city on the page bears little resemblance to reality.

The article, “Model of Urban Future,” reports that the hometown of Boss Frank Hague has “come back as its own antithesis: clean, green, and growing.” Touting a spate of gleaming new office towers, expensive condos, and an influx of young professionals, USAT buries a raft of inconvenient truths such as a legacy of political corruption, polluted land, failed schools, and the fact that 19 percent of residents live below the poverty line, as opposed to 9 percent statewide and 12 percent nationally. Not until the 39th paragraph (out of 42) do we meet an unemployed security guard who laments, “We see buildings going up, but it doesn’t do us any good.” Looks like the town where the dead vote now boasts phantom revitalization.

OTHER ARTICLES IN THIS ISSUE

  • Taxation of Shared-Equity Homes

    June 12, 2008

    In 2004, the National Housing Institute launched an ongoing research project on shared-equity homeownership, focusing on three models of resale-restricted, owner-occupied housing: limited-equity cooperatives; community land trusts; and deed-restricted houses […]

  • Martinez Makes Amends

    July 23, 2007

    Housing advocates are wondering if Mel Martinez had a conversion on the road to the Capitol. His record as HUD secretary merited failing grades on affordable-housing production and homelessness. Since […]

  • Long Time Coming

    July 23, 2007

    After 40 years of abuse and neglect, will the residents of D.C.'s once-vibrant Shaw neighborhood succeed in redefining the value of people and place?