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Metropolitan DC Local Politics
Reply to "Scrapping the DC Height Limit "
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[quote=Anonymous][quote=Anonymous]Ah, I see crazy "rent control lady" is back. Unless or until you have a better way for the city to expend resources on affordable housing, the IZ and IZ+ rules are what we have.[/quote] DP but it’s pretty well established now that rent control has an important policy role to play. IZ on the other hand has not demonstrated substantial value to creating incentives for constructing new affordable housing anywhere. If your objection to rent control is market distortion, that doesn’t hold a lot of water if you are promoting IZ - which is a mechanism to create direct welfare payments from renters who cannot afford to buy to poorer renters who wouldn’t otherwise be able to afford to rent. Not exactly easing the affordability burden. In fact, it does the opposite and in a lot of IZ buildings there are IZ eligible renters subsidizing others in IZ units. Incomprehensible policy. [/quote]
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