[bouldercouncilhotline] Hotline: Affordable Housing is a Moral Choice

[cmosupport at bouldercolorado.gov]

Sender: Young, Mary


“Generally, developers do not pass on the costs of inclusionary housing to tenants and homebuyers,” writes Rick Jacobus, founder of Cornerstone,* now a consultant, and author of a policy report on inclusionary zoning for the Lincoln Institute.

“The local real-estate market sets the prices of market-rate units, and developers of one project can’t change the overall market price or rent,” Jacobus adds. “Therefore, the costs associated with construction of inclusionary housing are either absorbed by modest declines in land prices or reductions in developer profits, or some combination of the two.”


http://www.citylab.com/housing/2015/10/affordable-housing-is-a-moral-choice-and-the-numbers-prove-it/411235/



Mary Dolores Young
Boulder City Council Member
303-501-2439

"All ethics . . . rest upon a single premise: that the individual is a member of a community of interdependent parts . . ." - Aldo Leopold