| ▲ | slg 4 hours ago | |||||||||||||||||||||||||||||||
>In this case affordable housing nets out as a way to overcome policy barriers to market rate housing. So it actually makes the market freer. >Many other implementations of affordable housing further raise the barrier and thus even if any is built it doesn’t help widespread housing affordability issues. Can you be specific with what you mean here? Because this reads like a no true Scotsman argument that it doesn't count as "affordable housing" if it works. The article discusses the programs encouraging income-restricted units which seems like a classic affordable housing program. What specifically do you think is different in this case? | ||||||||||||||||||||||||||||||||
| ▲ | pclowes 4 hours ago | parent [-] | |||||||||||||||||||||||||||||||
Affordable housing in a vacuum disincentivizes development and results in worse affordability. Affordable housing used as an incentive or way to overcome other barriers to housing (density limits, height limits, zoning etc) that makes the market more “free” net is will produce more development. You don’t need it for development but it can be used effectively depending on other policies. As with all things it depends on what policy makers are optimizing for. These are all tradeoffs. But affordable by itself all else equal limits developer upside and incentives less development meaning less supply and higher prices. | ||||||||||||||||||||||||||||||||
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