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Paul E Williams
@pewilliams.bsky.social
Executive director at Center for Public Enterprise publicenterprise.org Brooklyn NY
1.7k followers314 following265 posts
PEpewilliams.bsky.social

That sounds like a problem with undersupply of income restricted units, not a problem with a cross subsidy program.

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DGgspeng.bsky.social

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 ⬇️

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PE
Paul E Williams
@pewilliams.bsky.social
Executive director at Center for Public Enterprise publicenterprise.org Brooklyn NY
1.7k followers314 following265 posts