04-13-2018, 08:16 AM
(04-13-2018, 03:19 AM)jeffster Wrote:(04-12-2018, 10:42 PM)panamaniac Wrote: I think you are misreading his column.
Maybe rangersfan was referring to this: "Buried under the blanket of bonuses is a responsibility that companies make certain affordable housing forms part of their projects."
Not sure what to make of that. But doubtful that there should be a requirement.
The real issue of affordable housing is that who would ever build such a thing? I don't think there is money to be made in that sector. Not to mention that affordable housing isn't always treated nicely by their tenants.
If it really means that much to them, then it would have be the region/city building it. Or a greatly reduced tax (mill) rate on such units.
When a municipality requires a developer to incorporate affordable housing into projects (not a bad idea, imo), isn't the municipality expected to "make the developer whole" through some sort of subsidy? I don't think the developer is expected not to be fully compensated for the construction of affordable housing.