3 ms·
What we typically see is fighting to maximize price-controlled units as a percentage of development while still minimizing overall development. A small, 100% af
by closeparen 7y ago
What we typically see is fighting to maximize price-controlled units as a percentage of development while still minimizing overall development. A small, 100% affordable project preferred over a large, 20% affordable project, even if the latter yields more affordable homes.
If you believe that market-rate units accelerate gentrification, this even makes sense, as the more market-rate units you have, the more affordable units you'll need. The first priority is to minimize disruption to existing communities; BMR units are just a way of partially mitigating it when it does happen. Hence "we can't build our way out the housing crisis."
"De-commodify housing" is a lot sexier than "find the optimal BMR percentage requirement."