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by ianburrell 818 days ago
Lots of cities came up with an arrangement to build low-income housing by having developers build low-income housing. My impression is that this wasn't activists driving it but cities finding an easy solution. The activists are now bought into the solution as way to get low-income housing.

This sounds like a good idea because it taxes the ones making money. But the result is that less housing gets built because of the extra costs and it tends to be luxury housing so developer can make money. I also not sure how much a few low-income units increase the diversity of neighborhood.

The solution is probably just tax all developers and use the money to build low-income housing. Or even better, tax everyone. Diversity can be better accomplished by building low-income housing throughout the city. Better to mix low-income housing with cheaper market-rate housing.