3/4/2023 0 Comments Solar fire software for macDevelopers of affordable housing have to cobble together a variety of public and private financing to make their deals pencil out. ![]() It’s Economics 101.Īffordable and market-rate housing are not so different. With too few homes for those who want them, prices rise. The high cost of housing is largely a supply-and-demand problem. Personally, I agree very much with de Blasio that we need to add to the supply of market-rate homes. Vicki Been, de Blasio’s commissioner of the Department of Housing Preservation and Development, also happened to be my land-use professor at NYU Law School. I must concede that I am predisposed to like de Blasio’s policies. ![]() ![]() Subsidized units, set-aside for low income families, are as much a part of de Blasio’s plan as they are for Speaker Atkins. However, de Blasio also recognizes that market-rate housing alone is inadequate. De Blasio’s recipe for housing success is based on a fair trade: require new developments to set aside a percentage of their units as affordable, and in exchange, rules will be relaxed so developers can construct more market-rate units, and earn more profit, on individual land parcels.ĭe Blasio wants to add more market-rate housing supply to lower prices.
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