Re:Investors bought a record share of U.S. homes in 2021
by Retric on Thursday February 17, 2022 @04:46PM
(#30379120)
You get affordable housing by building more housing not simply designating a percentage of housing to be affordable.
If anything current affordable housing initiatives just make things worse by discouraging new development. Building 10,000 new apartments is strictly better than building 5,000 apartments even if you designate 30% of them to be affordable. The ideal solution is to designate minimum density, so for every acre of land you must have at least X homes.
If anything current affordable housing initiatives just make things worse by discouraging new development. Building 10,000 new apartments is strictly better than building 5,000 apartments even if you designate 30% of them to be affordable. The ideal solution is to designate minimum density, so for every acre of land you must have at least X homes.