3 ms·
The builders remedy requires that a large part of the new housing is sold below market rate but the state doesn't pay the developers extra because of this. As
by rcpt 3y ago
The builders remedy requires that a large part of the new housing is sold below market rate but the state doesn't pay the developers extra because of this.
As a result it's hard to get these to pencil out. I wouldn't be surprised if cities subject to builders remedy end up with less housing vs. those that wrote compliant plans.