I’m listening to a presentation on a gigantic housing grant my city is applying for. (PRO Grant from HUD, if you’re familiar). They’re proposing spending millions on regulatory reform to promote missing middle housing, which, ok fine, that’s a big task in a major city, but that should already have been done in 2023. Other money would go towards vague stuff like an accelerator program for bipoc affordable developers. After all of that, they’re proposing only 120 “deeply affordable” (under 30% ami) units with the grant.
We have a shortfall of tens of thousands of those units in our city, and this multimillion dollar federal grant would fund just 120.
JUST FUCKING BUILD PUBLIC HOUSING CO-OPS
I swear the neoliberal public-private partnership brainworms these people have is beyond terminal. “We have to strategically leverage this potential pot of funding” no you fucking don’t
Oh no, they are
They keep on insisting that allowing private developers with 3% of units being aFfOrDaBlE hOuSiNg (read: 1% under market rate for the area) will eventually lead to housing prices going down by a process that is NOT TRICKLE DOWN ECONOMICS so please don’t call it that or I’ll get very mad bc thats what REPUBLICANS do >:( not me a smurt libraul, but also I cannot point to a single example of this happening in any meaningful capacity so just trust me bro, just one more luxury housing development bro cmon just one more luxury housing development.
And no we can’t have public housing like Vienna and Singapore which work incredibly well >:( bc thats authoritarianism or something and we need that money for the 50% of the city budget that goes to the cops!
NOT TRICKLE DOWN ECONOMICS
“It’s called market filtration sweetie and it takes time”
