Quote:
Originally Posted by fredinno
Instead of taxpayer-funded rental supply increases, they should issue rental construction as an in-kind CAC, allowing more rental for upzoning or slight viewcone penetration.
Would save everyone money on the long run, and the COV can still claim they helped solve the rental crisis.
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We do have programs like this and they do get used. However it feels like they just aren't enough to offset the slower ROI (if a positive ROI still exists) on rentals. Rental rates are rising faster than land values now so perhaps rent will go up high enough to make the ROI very attractive again. Multi Family Commercial purchases have gone up and I suspect some are because they are speculating rents will increase fast due to the recent push on residential demand.