Check out our op-ed in BIV News 👇 “While these inclusionary housing policies are well-meaning, for any of the desired housing to be built, the overall development must be profitable. When the required percentage of below-market units is set too high, the project as a whole becomes unfeasible. The simple truth remains: 20 per cent of zero is – as it’s always been – zero. Again – what is the point?” 🤷♂️ Read the article 👉 https://lnkd.in/gYBiTtAJ Ian Brackett
I agree. For any housing project, program or initiative to turn from an idea and rhetoric into reality, it must pencil out. This is not a political or ideological statement. It is just the way the real world works.
Well said, Mark!
Director
1moYes, lets keep regulating and taxing our way to affordability. It has worked so well so far.... Provide real (tax) incentives for investors and building owners to build and maintain their properties. Money flows to where it can be efficiently utilized.