Reply to Is there a coherent argument that loosening zoning laws will lead to affordable housing in DC?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]
Why not grandfather in long term residents , tax breaks etc. When you say pushed out it sort of implies they arent selling. A lot of people sell for a profit. Incentivize them to stay if you value them in the city.[/quote]

There already are substantial tax breaks for lower income elderly homeowners.   But I am more concerned about renters who are forced out.

Of course providing incentives for homeowners who might have moved to stay, likely means the gentrifiers will instead bid up the price of units being rented out, accelerating displacement there.

The way to avoid displacement is to increase supply, not to shift around who gets the units that exist.[/quote]

I'm not sure I agree. Why not focus on the renters 'forcing out' part? Isn't that often when apartment buildings are renovated by developers into more expensive units? The city could look at grandfathering in current tenants. Your concern is with people being 'forced out', yes?[/quote]

It’s more complicated.  If developers are allowed to build a lot more market rate units in Ward 3, that will reduce gentrification pressures in other areas, increase the overall supply of housing, and provide more tax revenues to DC, all of which can increase affordability.[/quote]

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