PE
Paul E Williams
@pewilliams.bsky.social
Executive director at Center for Public Enterprise publicenterprise.org
Brooklyn NY
1.7k followers314 following265 posts
That sounds like a problem with undersupply of income restricted units, not a problem with a cross subsidy program.
In the context of coastal CA chronic under supply, this is the problem. If the city/region permits too few homes, and the market rents for new ones are top end of market to cross-subsidize, then public opinion against new housing hardens, making the cycle worse. New housing coats need to go ⬇️
PE
Paul E Williams
@pewilliams.bsky.social
Executive director at Center for Public Enterprise publicenterprise.org
Brooklyn NY
1.7k followers314 following265 posts