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Metropolitan DC Local Politics
Reply to "Who do you think will win MoCo county exec?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Jawando appears to be the only NIMBY candidate, so he’s got my money and my vote. Let’s get back to proper and sane planning.[/quote] Agree. On Reddit subs, it seems that the developer shills are out in full force with anti jawando silliness which signals to me that jawando is my guy. As usual, the YIMBYs fail to realize that while they are the most vocal, they are not in the majority. [/quote] If you could get two of the candidates to give you a million dollars in tax abatements a year in exchange for forgoing maybe $75k in revenue a year by providing a little deeply affordable housing among the MPDUs that you have to provide anyway, you’d have your shills out in force too. Especially if the third candidate wanted more affordable housing and prevailing wage in exchange for that big a subsidy. This comes down to who’s more likely to keep the subsidies flowing while gutting renter protections. The developers spend big because they expect Friedson or Glass to deliver big for them. You can’t even honestly call any if this pro-growth. It’s all about extracting higher margins from what they already own. [/quote] I thought the developers won't benefit from the tax abatements, only the land speculators will Make it make sense[/quote] The metro one was done for a builder that already had development rights so for them it worked as a bailout after they made a bad land deal. No one else has used it yet because they didn’t have development rights already. For any future deals, the tax abatement will be capitalized into the land and function as a subsidy for the landowner, in this case WMATA. However you think the PILOT is distributed you can’t plausibly claim that a $1.1 million tax abatement every year for 15 years is a good trade for 16 MPDUs affordable at 50 percent AMI instead of 70 percent AMI. We wouldn’t even have that concession or the affordable housing concession in the office PILOT if Evan Glass hadn’t proposed them. Friedson was willing to give these subsidies away for nothing. To the extent these are good policies, it’s because of Glass, not Friedson. Glass gets this better than Friedson does. Anyone who’s truly for affordable housing should vote Glass not Friedson. If you’re for developers making more money, vote Friedson. For the revenue that the county forgoes on the WMATA PILOT, it could have bought at least twice as many condos, rented them out, and still had money to spare. The math on Andrew Friedson’s subsidies never maths. He’s either not very smart or he’s lying. Which do you think it is?[/quote] Different poster here. No on the county purchasing condos and renting them out. First, we don’t pay taxes on our own property. So there would be no “reclaiming” any revenue stream. Second, that would make us landlords, responsible for maintenance and repairs. Which means hiring more staff. And everyone in county government knows we don’t appropriately manage our current county facilities/infrastructure. So we’d be slumlords. Which is exactly why we are leveraging the private market to help build housing. It’s not perfect. No human system is. But it’s far better than a government-only solution. [/quote]
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