• bl4ckblooc@lemmy.world
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    1 year ago

    How much money do they need to build an affordable housing project? I would think 24 million could make a lot of duplexes.

    • ImplyingImplications
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      1 year ago

      Clearly they were hoping the developers would just build the affordable housing themselves. They have no idea what to do with this money

      • HubertManne@kbin.social
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        1 year ago

        I have always wondered why the cities themselves don’t build highrises and sell the condos for the cost of construction. My city has even had times where there have been empty lots that have sat because no developer can figure out something to do with them. Just keep on plugging along until the rest of the market has to price for cost of construction.

          • HubertManne@kbin.social
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            1 year ago

            which would work until enough were built that there was no profit in flipping and if people realized that was the intention the ability to flip would go away much faster.