In LA, Costs Climb For Building 'Affordable Housing'
The work is complicated and can be tediously slow. Affordable housing developers have to overcome major hurdles that market rate developers do not.
Source: laist.com
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The work is complicated and can be tediously slow. Affordable housing developers have to overcome major hurdles that market rate developers do not.
Is it fair to shower the bulk of subsidies for decent affordable housing on one group while the majority of those in need are left with none?
A 37-year-old tax credit program intended to get private developers to build affordable units has failed in a fundamental way: It's a bargain people still can't afford.