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> How do you induce, by policy the construction of affordable housing? By making -as San Francisco does- a condition of the building permit that the developer
by simoncion 11y ago
> How do you induce, by policy the construction of affordable housing?
By making -as San Francisco does- a condition of the building permit that the developer either make X% of the newly constructed housing "affordable housing", or pay the city what it would cost the city to build that many units of "affordable housing". This is far from unprecedented. :)
- forrestthewoods 11y agoHow's that working out for San Francisco? Mandating some percent of units be "affordable" or charging various taxes which go towards building affordable is not unprecedented. But those strategies succeeding might be. ;)
- intrasight 11y agoThis was done in Toronto when I lived there in the 90s. And it appears to have been successful. Society benefits in many ways (including saving money) by not having poor people live in slums.
- thedufer 11y ago> How's that working out for San Francisco? Kinda hard to tell, since they only allow a few new residential buildings to go up each year. If they didn't allow NIMBY interests to prevent _any_ housing from going up, we might actually see this in action and be able to tell.
- simoncion 11y agoLike thedufer says, as soon as the real blockers to development get the fuck out of the way, we'll see how well Rent Stabilization and the "Affordable Housing" mandates work in SF. As it stands now, it's next to impossible to build in the city. Frankly, subsidized housing succeeds in many districts. Once SF and -more generally- the SFBA decide to stop lining the pockets of real estate speculators and investment firms and start building housing to meet the current and future demand, we'll see a change in the character of the area for the better.