⟳ Репост от Scott Berkley
It's tunnel vision to focus on MHA generating funds for affordable housing. It can! But it comes at the cost of raising rents for everyone else. Because no housing gets built until the worsening shortage pushes up rents high enough to offset the MHA fee. And that hits lower-income renters hardest.
Seattle walks back plan to lower fees funding affordable housingDays before a deal to lower developer fees that fund affordable housing was expected to be released to the public, City Hall is backing away from the idea.www.seattletimes.com