But that subsidy per housing unit is so large it’s basically the equivalent to educating a whole classroom of K-12 kids. Or covering tuition for 20 students in the University of California system. Or incarcerating 4 to 5 prisoners (yes, prison is that expensive.)
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FYI in France all cities have a 20% mandatory surface reserved for social housing. And it costs 950€/SQ.m. to build highly energy-efficient buildings by an architect (excl. land cost). (French salary isn't the weakest). So ?
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We’d have to rebuild a culture of social housing in America. Hasn’t been going well since the early 1980s or so. https://www.nytimes.com/2018/07/27/us/politics/hud-affordable-housing-crisis.html …
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Yes, its always easy to spend someone else's money.
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Sure. Are there enough lux units left to build to subsidize affordables? Of course not. Try looking at the cause of the housing shortage and repair that.
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Is there a baseline cost per door or per sf?
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Hybrid "luxury & access to first home" projects are a viable alternative for developers and municipal governments. Also quite successful in cities where they are implemented.
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And which of these three could legislation affect, hmm
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Triple the property tax on absentee owners. Use money to subsidize affordable housing. And yes, keep working out these system inefficiencies
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