I’m hearing Alexandria developers are shying away from building reasonably priced housing because they can’t get bank financing for lower priced units & rentals. This points to a fundamental economic problem that government must fix, ideally federally.

the prudential banking regulators recently issued an update to the Community Reinvestment Act regulations that would help address this problem (among other things). it’s currently enjoined nationwide thanks to a texas district court.

What's your definition of reasonably priced housing? Are we talking ownership or rental? What size housing? Because this is definitely a for-sale market problem, but rental is more complex.

Essentially, banks, developers, and property owners are all aligned (often with local zoning as well) to only build expensive housing. The banks make money this way, so do developers, so do property owners.