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 […]
From HUD: MIZ Produces Few Units, More Study of Costs Needed
This was originally a follow up e-mail to the Housing Affordability Response Team (HART) I posted yesterday. PS I wanted to share this article, Producing Affordable Housing in Rising Markets: What Works? for what it’s worth. Along with a critique of Inclusionary zoning it also calls for more study of costs and production, especially of […]
McGinn In Again: Maybe We Have a Chance on Slowing, Stopping MIZ
Former Mayor Mike McGinn is running for Mayor against incumbent Mayor Ed Murray. The current Mayor has stubbornly clung to the concept of Mandatory Inclusionary Zoning (MIZ), a scheme that requires the inclusion of rent restricted housing in every new housing project. If a project doesn’t include rent restricted housing, then it must pay a square footage […]
