jWalkerFTW t1_j6owvqh wrote on January 31, 2023 at 9:28 PM

Reply to comment by amos106 in High Density Housing Development Near South Shore Plaza Receives Pushback by amos106

You can just lower the required AMI percentage though. I mean, that’s literally what urban planners are advocating for. This isn’t a “well the market is God and we can’t do anything about it” situation.

EDIT: I think you might be confused. The cities official requirement to meet the “affordable housing” baseline is 70% AMI. That’s the rule. I’m not talking about a market result.

amos106 OP t1_j6p0juo wrote on January 31, 2023 at 9:50 PM

Yeah that's true and it would reduce the cost of living for those who do make it into the program, but the affordable housing program is already overloaded as it is and the winners and losers are chosen by a lottery system. Even if the AMI requirement is lowered it would just put more stress on the affordable housing program without actually creating any additional housing, and as it stands the program is already being forced to turn people away. Unless more housing is built the program will further solidify itself as a poverty trap since increasing your income would drop you off a welfare cliff, and the market prices will only keep rising until more units are built.

jWalkerFTW t1_j6p2ag0 wrote on January 31, 2023 at 10:01 PM

Well yeah, again I’m not saying we shouldn’t build more housing at all