Reply to Chevy Chase Community Center Redevelopment

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I used 'the poors' ironically; obviously you didn't get it, but it is a DCUM trope to reflect your attitude.

The proposal is for an affordable housing building. That is what the Mayor and the ANC and the Councilmember all want and support.

Why people like you keep bleating on about market rate housing on the site is just baffling.[/quote]

The proposal is for the absolute minimum of affordable housing. Its going to be mostly housing for the wealthy, which will do jack shit for the city's affordable hosing crisis. Please try to keep up.[/quote]

Even market rate housing (which this project does NOT entirely consist of) helps make a dent in the affordability crisis. Try to keep up. [/quote]

No, it doesn't.

https://48hills.org/2019/01/yimby-narrative-wrong/[/quote]

[b]Here is a peer reviewed research paper:[/b]
"My results suggest that new market-rate housing construction can improve housing affordability for middle- and low-income households, even in the short run. The effects are diffuse and appear to benefit diverse areas of a metropolitan area."
https://www.sciencedirect.com/science/article/abs/pii/S0094119021000656#:~:text=My%20results%20suggest%20that%20new,areas%20of%20a%20metropolitan%20area.

[b]Here is a report from the Office of Revenue Analysis:[/b]
"This situation suggests that even though the city’s demand for rental units is growing (as a product of a growing population, a growing number of jobs and growing incomes), the actual increases in supply is helping to mitigate the annual appreciation rates of apartment rents. In essence, the city is likely to continue experiencing modest annual growth rates in rents in the 
near term and, as a result, lower average levels of rent in the medium and longer terms." 
https://cfo.dc.gov/sites/default/files/dc/sites/ocfo/publication/attachments/Housing%20Supply%20Bethel%20Cole%20Smith%20April%202020.pdf

[b]Here is a Bloomberg article:[/b]
"The new mayor of Los Angeles and about a third of her fellow Americans think new construction causes prices to rise. The evidence suggests otherwise."
https://www.bloomberg.com/opinion/articles/2023-01-24/building-more-housing-makes-it-cheaper-really

[b]Here is the Biden Administration:[/b]
"As his Action Plan reflects, President Biden believes the best thing we can do to ease the burden of housing costs is to boost the supply of quality housing."
https://www.whitehouse.gov/briefing-room/statements-releases/2022/05/16/president-biden-announces-new-actions-to-ease-the-burden-of-housing-costs/

[/quote]

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