City Council, District 3
Yes, I do. As a real estate broker, I can tell you first hand that if you increase the amount of homes allowed on a lot, you will increase the value of land. Therefore, negating affordability. You can’t mess with market forces, market will always dictate pricing. However, we can implement new creative ways to help with affordability and our current fee in lieu & density bonus programs are pitiful, this needs to be addressed so that we can fund affordable housing.
Everyone points to Mueller has an example, but there are substantial problems with the affordable housing program. There needs to be checks and balances to ensure that we maintain existing affordable housing stock and that stock isn’t able to be sold off at market prices. Additionally, we need to be purchasing more land right now to ensure that we plan for long- term affordability.