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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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][quote=Anonymous][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]

Thanks for asking.  Yes, pretty much, he did, with some help from Casey Anderson and Andrew Friedson. But it was Riemer who introduced the bill, rushed it through his committee, and prevented an amendment requiring the developers to be means tested (so they couldn't just use the subsidies to pad their margins) from being attached to the bill.

As far as higher percentages of MPDUs, developers may build more MPDUs than required to get certain federal subsidies or density bonuses.  We should just give them the density.  [/quote]

Developer giveaways are bad, and we should have more of them...

(I didn't know that you only need 1 vote (or maybe 2?) on the county council to pass legislation. The things I learn on DCUM!)[/quote]

DP. Funny Hans fan. Your best defense of his policy is that everyone else is dumb. [/quote]

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