| ▲ | pclowes 4 hours ago | ||||||||||||||||||||||
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. | |||||||||||||||||||||||
| ▲ | slg 3 hours ago | parent [-] | ||||||||||||||||||||||
>Affordable housing used as an incentive or way to overcome other barriers to housing (density limits, height limits, zoning etc) I'm not sure what type of affordable housing program doesn't meet this definition. They are almost always tied to incentives for developers, including sometimes in the form of a removal of other housing restrictions. Or are you specifically objecting to financial assistance on the renter/buyer side? Because I assumed the “it” in “it doesn’t need to be “affordable”” was referencing the new development. | |||||||||||||||||||||||
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