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> Distribute them across cities in mixed income neighbourhoods How is this actually done in practice?
by cush 4y ago
> Distribute them across cities in mixed income neighbourhoods
How is this actually done in practice?
- coldpie 4y agoSomething like X units per new development are "reserved" for people under certain income limits. It distributes income ranges across geographic regions, rather than concentrating them by unit rental prices. Here's one example from my neighborhood: "On Sept. 19, contractors with the Anderson Companies were issued an $8 million construction permit for the foundation and footings of what will be a two-year building project at 411 Lexington Parkway — the 304-unit Lexington Station apartment building, half of which will be designated affordable housing." https://www.twincities.com/2022/10/10/after-st-pauls-concessions-on-rent-control-some-developers-bullish-others-still-balk/ https://www.twincities.com/2022/10/10/after-st-pauls-concess...