Were they trying to make a land value argument?
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No, he actually thought that the extra density would make it so you could earn a profit on 100% low-income units!
- Još 2 druga odgovora
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Yeah, I mean I think the relevant policy there would be just to have a law that said a 100% affordable projects can have 4x whatever the base density is by right everywhere. But we still need to address that cities have zoned for a housing shortage.
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You’re making the same mistake. Maybe if land and construction is cheap enough then they can build that, but if it’s uneconomical to build 2 units of affordable housing then it’s for sure uneconomical to build 4 units!
- Još 3 druga odgovora
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If it's not clear why, the reason is that being allowed to build more units if they're ALL affordable does absolutely no good for unsubsidized projects. Every single unit would lose you literally hundreds of thousands of dollars with nothing to offset the losses.
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Home builders that weathered the recession, have consolidated and produce smaller, pricer units. This city official is completely correct. Developers for too long have focused on a particular market segment. This affordable housing policy could stimulate varying unit mixes.
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You don't make money renting units for $1,000 a month when all your bills for development cost you $2000+ per month to pay off.
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In Austin, we have a pretty good program called Affordability Unlocked. The goal isn't to get for-profit developers to provide Affordable Housing. It's to stretch non-profit Affordable Housing dollars as far as they can go. http://www.austintexas.gov/department/affordability-unlocked-development-bonus-program …
- Još 3 druga odgovora
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Tired: 25% inclusionary Wired: 400% inclusionary
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Inspired: The Government builds free housing and pays *you* to live in it
- Još 5 drugih odgovora
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Čini se da učitavanje traje već neko vrijeme.
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