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Metropolitan DC Local Politics
Reply to "Marc Elrich doesn’t think there “is demand for market housing.” He’s never going to fix our housing."
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[quote=Anonymous][quote=Anonymous] He is subsidizing luxury housing at Grosvenor. He did it on the premise that the builder would put up a high-rise instead of mid-rises, but the builder is just building mid-rises for now. They already qualify for the subsidy (full property tax abatement for the entire site for 15 years) because they have high rises in the site plan. The developer never has to build the high rises. Just keep one in the site plan. And there's the impact fee cut. He cut school impact fees well below the cost of adding a seat to a school. If you drop the MPDU requirement, building will be more profitable, so developers will build more housing. If you build more housing, prices drop.[/quote] Hans Riemer did this all by himself? How come builders are voluntarily proferring a higher percentage of MPDUs than required?[/quote]
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