11-10-2021, 10:07 PM
(10-25-2021, 09:05 PM)tomh009 Wrote: $2000 per unit is a pretty pitiful contribution. I doubt bumping that to $5000 per unit would lose them any sales. And $10K (about 2% of the total) would look much reasonable.
Even $5000 per unit x 253 is $1,265,000, which is about 3.5 2 bedroom units of affordable housing at the latest rates...
It's simply too expensive for taxes or fees from developers to build affordable housing. We need to incentivize developers to build it on their own (example: allowing medium density projects *everywhere*) because everything else is lipstick on a pig...