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Metropolitan DC Local Politics
Reply to "MoCo Council Vote Today"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Oh I read it. Your "plan" seems to be asking people to give up 5% of ____ if they truly support affordable housing. Got it. Good luck with that.[/quote] I think the other poster is alluding to people like MoCo's NIMBY-in-chief who point to subsidies as the solution to affordable housing without pushing the corresponding tax increases necessary to fund them.[/quote] The only person who has pushed subsidies without funding them is Andrew Friedson. Friedson’s subsidies were for market rate housing, so maybe that’s why you didn’t include them. If Friedson’s most recent PILOT works, the county will be out a billion in tax revenue. Friedson didn’t fund his Metro subsidy either. That one hasn’t generated much housing but it did produce some apartments that rent for $10k a month. [/quote]
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