Process
Status Items Output None Questions None Claims None Highlights Done See section below
Document Notes
Some notes here about how even trying to incentivize private industry to do government work/good isn’t enough.. not when they want different things.
Highlights
id882936240
introduced an initiative to nudge private developers to build between 7,500 and 10,000 affordable homes in gentrifying areas by 2024. The initiative waived development fees and taxes for projects that committed to selling a third of the units built below market prices. It also fast-tracked permit approvals and directed public investment toward neighborhood infrastructure upgrades. But the program underperformed. By the end of 2024, just 253 affordable units had been approved
id882936217
Developers want more density, not incentives, because that’s where the return on investment is,
id882936202
When land-use regulations are relaxed to allow for taller buildings, the potential value of that land increases. This, in turn, raises land prices and exacerbates the chasm between the neighborhoods created for the affluent, and the shrinking number of options available to the working classes who serve them,
id882936196
Deregulation creates enclaves of wealth and enclaves of poverty because it increases the value of the land, and the value of the land impacts the cost of housing