2 ms·
> If we had a system where the landlord made substantially less from affordable housing units, That's how this works in California. Unfunded mandate on develop
by usaar333 8y ago
> If we had a system where the landlord made substantially less from affordable housing units,
That's how this works in California. Unfunded mandate on developers. Developers agree to it so they get their development permits.
(The system is then administered by the successor management office and occasionally audited by the city. Directing excess rent to the government is possible, but introduces a number of calculation and administrative complexities. )
Finally you get the problem that this system is going to push up the median income in affordable housing (income rising, landlords preferring higher income individuals for stability, etc.), hurting the program's intention.
That said I think this solution is better, but I don't understand how high the admin cost goes.