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> I don't think affordable-housing is actually considered a real "threat" to private developers in most of the nation, but suppose that it were. My state has l
by heavyset_go 5y ago
> I don't think affordable-housing is actually considered a real "threat" to private developers in most of the nation, but suppose that it were.
My state has laws that say every new housing development must have affordable housing as a small percentage of the new housing that developers build.
Developers choose to ignore those laws completely, partially because the affordable housing is protested against by the people who live by, or plan to live in, the new luxury housing. They instead just build all of the luxury housing they want to, with none of the affordable housing required by law.
This has nothing to do with government projects, but stipulations for all new development.
- fennecfoxen 5y ago> My state has laws that say every new housing development must have affordable housing as a small percentage of the new housing that developers build. If your state is California, as I suspect it is, its housing policy is a miserable failure worthy only of derision and scorn. The price of housing is a bona fide humanitarian disaster, and the mandate you refer to is well known; it has solved almost nothing, what pathetically few solutions it has delivered are distributed by lottery (a key indicator of its abject failure), and — as your own description makes clear — it is just one more hurdle to make things more uncertain, drive up prices, and to drive away developers and the new construction they pay for.
- heavyset_go 5y agoI am not in California.
- rnk 5y agoYou are attacking unicorns. My largish city also has similar requirements, I'm also not in California. We have a problem like a lot of large cities, there's not enough apartments or lower cost housing, thus we are losing our workforce step by step. We desperately need more lower cost housing here.