Quote:
Originally Posted by SamInTheLoop
Well, although I have a background in urban and regional planning I'm not a fan of demographic planning (social engineering) to begin with....for instance - I believe the most effective way that government can promote affordable housing is to adopt policies that work with the market by encouraging increased supply - the opposite of developer affordable unit mandates, for example, which discourage supply, or for that matter grand subsidized housing schemes -whether low income or mixed income....
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Exactly....so take this train of thought to the logical conclusion:
1. Mandated affordable units, which undoubtedly would be part of the development, would even drive up the cost of the "market-rate" units;
2. Current construction prices dictate that any new construction sells at a high price point anyway (true affordable housing will be pre-existing with city land and labor costs, no way around that);
3. Lake Meadows is currently affordable and diverse, and market-rate:
why demolish the housing units? It makes no sense.