I don't know anything about real estate and development and buildings.
I don't know anything about real estate and development and buildings. It's appalling to me, however, that in a discussion locally about requiring a portion of "low income" housing in new buildings that what that actually means is a one bedroom apartment otherwise rented for $1500+/month would be discounted all the way to $1000/month. I'm sorry but in what universe is $1000/month "low income"?
$24,120 annual income is the official federal definition of "low income" for a single person. Your rent just ate half your income. I hope you don't pay taxes.
This is besides the information that what's needed is 30% of future housing to be low income in this city, but what's proposed is 10% or 15% because the developers can't recover costs and make money otherwise due to building costs and other stuff.
Man, we are begging to be in a crisis of homelessness.
$24,120 annual income is the official federal definition of "low income" for a single person. Your rent just ate half your income. I hope you don't pay taxes.
This is besides the information that what's needed is 30% of future housing to be low income in this city, but what's proposed is 10% or 15% because the developers can't recover costs and make money otherwise due to building costs and other stuff.
Man, we are begging to be in a crisis of homelessness.
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