Cortright: The High, High Price of Affordable Housing
Joe Cortright who writes for City Observatory has corroborated what I’ve been saying for quite some time now: the non-profit housing industrial complex produces subsidized housing very, very inefficiently. The costs are substantial. In San Francisco, one of the largest all-affordable housing projects, 1950 Mission Street, clocks in at more than $600,000 per unit. That number […]
“I Believe I Can Fly,” and Other Fantasies About MIZ
In case you missed it, the slow motion car crash called Mandatory Inclusionary Zoning (MIZ) just moved a few frames forward. The Seattle City Council passed it’s framework for downtown upzones in it’s Mandatory Housing Affordability (MHA) scheme to wring cash out of developers to buy pricey subsidized units from non-profit housing developers. I won’t […]
Banks and Entrepreneurs Hold the Key to DADU Success
We’ve said it before but the problem with getting a lot more Detached Accessory Dwelling Units (DADUs) is regulatory but it is also about financing. The breathless contention over the last round of DADU legislation was a little overwrought since the legislation doesn’t deal with a key aspect of regulation that makes it impossible to […]
