10-22-2021, 10:03 AM
(10-22-2021, 12:34 AM)nms Wrote: What's the typical cost to build affordable units? I doubt that anyone could build much of anything for $506,000 (253 units x 2000). I would be much happier if each new development (and any major renovations to existing ones) were to provide 20% affordable housing units. Or, perhaps suggest that any request of density increases (adding more floors than zoning allows etc) would require a proportionate addition of affordable units in those buildings. You want to go up 10 more floors than the 10 that are zoned for there? Fine, but half of those floors must be affordable units. You don't want to add affordable housing to your project, fine, stick to the zoning.
Keep this up until there is no more housing crisis in the Region.
All this would do is raise the price of "non-affordable units" and hurt the majority of home buyers.
We don't make grocery stores sell a set percentage of the food at insane discounts.