> However, if the city lends with a lower repayment rate, that's just a subsidy. I think the government needs to spend on affordable housing, but this just see

> However, if the city lends with a lower repayment rate, that's just a subsidy. I think the government needs to spend on affordable housing, but this just seems like a way of doing it inefficiently (but sneaking it by taxpayers who don't notice it since the city isn't "deciding" to spend money on affordable housing). It does feel like that's the (mostly unstated) goal here.