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DMP Development Corp.,
Mike Pistoresi, vice ...
Mike Pistoresi, vice president of DMP Development, supports New Urbanism, stating it is the smartest way for the county to grow.
doesn't view it as a means to achieve affordable housing.
Although there is a land profit with building houses in a tighter density, he
said, the construction costs are the same and sometimes more in multilevel buildings.Pistoresi
also has an issue with the third aspect of the county's affordable housing solution - an inclusionary housing ordinance.
said inclusionary housing is not only unfair to the regular homebuyer, but "un-American."
"I am absolutely, 100 percent against inclusionary housing," he
said."It's just another tax for the homebuyer."Pistoresi
said if developers are forced to sell homes below market value, then they will simply have to charge homebuyers more.
"The developer never pays for anything," he
said."Any costs the developers incur are passed on to the homebuyer."Pistoresi
said it isn't fair that someone who can afford to buy a new home should have to help pay for someone who can't.He
said the way to offer affordable housing is to build apartment complexes, with the help of tax credits.
Madera Online: Another Madera Online News Story
Berst and a neighbor were relocated to a local hotel by Mike Pistoresi, owner of DMP Development.
DMP Development Corp
DMP Development Corp., Madera