01-26-2016, 12:51 PM
The one from Blaze looks great, and even better when you consider the price range!
I think the city could consider targeted property tax reductions, in urban areas, to encourage (and make viable) lower-cost housing. Remove the parking requirement, and (for example) reduce the property tax by 25% if 50% of the units are affordable (say, under $1000, inflation-adjusted) and by 50% if 75% of the units are affordable. Long-term commitment (10 or 20 years) by the city, not just a few years.
My numbers may not be the most appropriate ones, but if some developers (such as Blaze) can make this work today, then supporting them financially can substantially ease the low-income housing crunch.
I think the city could consider targeted property tax reductions, in urban areas, to encourage (and make viable) lower-cost housing. Remove the parking requirement, and (for example) reduce the property tax by 25% if 50% of the units are affordable (say, under $1000, inflation-adjusted) and by 50% if 75% of the units are affordable. Long-term commitment (10 or 20 years) by the city, not just a few years.
My numbers may not be the most appropriate ones, but if some developers (such as Blaze) can make this work today, then supporting them financially can substantially ease the low-income housing crunch.