it altered municipal finance too. So cities make more net tax revenue by approving office space, rather than housing.http://www.latimes.com/politics/la-pol-ca-small-city-controls-big-housing-project-20170728-story.html …
I just have a hard time seeing how the US gets there in the near-term, given the current administration and how we're going to have even *less* affordable housing funding than we did before.https://www.nytimes.com/2018/01/18/business/economy/tax-housing.html …
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@LAO_CA also calculated that it would cost $250 billion to build affordable housing for all 1.7 million low-income, rent-burdened tenants in the state: http://www.lao.ca.gov/Publications/Report/3345 … -
(keep in mind that the state of CA has $400 billion in unfunded pension & retirement healthcare liabilities that it hasn't figured how to pay for) https://calmatters.org/articles/california-retirement-pension-debt-explainer/#How-big-is-the-problem …
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