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Old Posted May 11, 2018, 12:40 AM
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Bonsai Tree Bonsai Tree is offline
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Join Date: Jun 2017
Location: Chicago, IL
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Quote:
Originally Posted by aaron38 View Post
The biggest boost to affordable housing is simply building housing. I’ve never understood how those who cut a 500 unit, 0 “affordable” development down to 250 units, 50 “affordable” think they’ve accomplished anything.
Now I don't want to really get into this conversation, because it has been done many times before. But I do agree with you, that the market is the best way to reduce housing prices. However, most developers currently don't want to invest in middle class to lower class housing (which makes sense) so the housing needs to come from somewhere. I think affordable housing in developments like this is a good middle ground. It includes both the market aspect, but also the needed affordable housing without taking it too far to either side.
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