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Old Posted Apr 23, 2021, 1:20 PM
ChiPlanner ChiPlanner is offline
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Join Date: Apr 2018
Location: Lakeview East Chicago
Posts: 164
Originally Posted by Bonsai Tree View Post
Honestly, (although I couldn't give you exact figures) I think that the 20% affordability is fine for most developers, as long as they get tax credits. Problem is, I don't think developers want to deal with the sh*tshow of bureaucratic government.
Speaking as someone who has an insiders knowledge of this sector, certain large for profit developers in NYC/Chicago are currently take advantage and love the world of government subsidized financing as a tradeoff for some affordable units. *cough* Related *cough*
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