We are nearing the end game of the legislative part of Mandatory Inclusionary Zoning (MIZ), the requirement that all new development included rent restricted units or pay a few in lieu of that inclusion. The money generated from this tax would go to fund non-profit housing. I’ve warning and fighting against this for 3 years. […]
We’re waiting for the official release of the Joint Legislative Audit and Review Committee (JLARC) study on why or whether non-profit subsidized housing is more costly to produce than market rate, for-profit housing. Today at Forbes I go on at length about why that is the case. I think the answer may be that market […]
The Joint Legislative Audit and Review Committee (JLARC) has released their study of housing costs that we supported in the State Budget in 2017. It was supposed to compare non-profit housing costs with market rate housing costs. It didn’t do that. In spite of our offer to help JLARC get market rate data, they said […]