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Blokable is promoting itself as providing affordable housing but their buildings largely consist of market rate housing units and a percentage of affordable hou
by say_it_as_it_is 6y ago
Blokable is promoting itself as providing affordable housing but their buildings largely consist of market rate housing units and a percentage of affordable housing units that are compulsory -- not an act of altruism. Large cities already have requirements, or are actively developing requirements, for developing affordable housing along with market rate housing. Market rate tenants subsidize affordable housing tenants. Cities use lottery systems for the affordable housing units to prevent political insider housing opportunities, but those lottery systems aren't being audited by trusted third parties. :)
Putting the PR spin aside, the company is doing phenomenally well with execution and development across many silos. I respect the hard work.