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California YIMBY
@cayimby
A new UC Irvine study finds inclusionary zoning - requiring developers to include low-income homes - cuts annual housing construction by nearly a third. Each home IZ produces costs everyone else $800k in higher rents, which is more than just funding affordable housing directly.
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David Watson 🥑
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Jagjit Choudhary
@JagjitChoudhar1
And few people recognize that if you build enough market rate housing, affordability follows naturally through filtering. Build enough market rate homes, units age, rents fall. But you have to build market rate.
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Aaron Davis
@ADavis4me
Cali thinking you can solve over regulation with more regulation is on point. This problem will never be solved in California. Never.
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Robert Brown
@RobertB04028123
40% of new California housing should be for low-income residents, says HCD. So how do you achieve that unless you require low-income housing units?
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@xpen25x.bsky.social
@3DPrinting_Phil
The fix to this is ban the developers who refuse to build them. Or add fees to every home built covers 1000 sq ft 2 bedroom homes required to be built every 3rd home
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BarbaraSamuels
@BSamuels72
To be accurate, its not a " finding." Its an estimate by a grad student in a working paper not yet peer reviewed. And his comparison to cost of LIHTC both inapt & inaccurate. In accurate because the LIHTC in a 100% Affordable deal is just one source of public subsidy not the TDC.
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