Quote:
Originally Posted by PsYcNeT
Apparently he wants the city to buy/contract existing apartment space and then rent it at a lower cost.
All the NIMBYs would be totally cool with this because
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That idea is worth exploring if there is a large amount of empty rental space out there. Have the City guarantee the landlord market rates for their unit and subsidize the difference between market rate and whatever the 'affordable' rate is. The cost to do this might be less than building new units from scratch.
Probably lots of obstacles to overcome but the idea should at least be explored.