The city has the tools for fast-track approvals and the issuance of bonds. Private companies like mine can bring the technical expertise to design and manage these developments for cities who choose this approach.
From the piece:
“City staff is working on a plan that would have the city build and hold its own workforce housing.”
There’s the old adage: “You always get less of what you tax.” That’s why an affordable housing tax on developers is such a bad idea.
In reality, the creation of workforce housing should be linked to job creation. It should be treated just like any other public improvement.
For example, a large manufacturer comes to town and the city determines what new infrastructure will be needed to support the new facility. The city issues bonds to extend water, sewer, gas, and electricity and contracts the construction of these new utilities.
While they’re at it, why not evaluate the manufacturer’s housing need and issue bonds for it, too? This, along with fast-tracking the zoning approvals for a sufficient number of workforce housing units, would be a good aporoach.
Cities have all of these tools at their disposal. Proactively using them instead of doing the bidding of the short-sighted NIMBY crowd is the solution to our workforce housing problem.
From the piece:
“Starting in 2017, all new apartment buildings built in Portland with more than 20 units must dedicate a portion of their units to low and moderate-income housing. But some developers are choosing to pay a penalty instead of creating affordable housing.”
Peter Bailey is a boss, the unsung hero of “It’s a Wonderful Life.” He knows his purpose in life.
From the script:
“You know, George, I feel that in a small way we are doing something important. Satisfying a fundamental urge. It’s deep in the race for a man to want his own roof and walls and fireplace, and we’re helping him get those things in our shabby little office.”
And another quote:
“Just remember this, Mr. Potter: that this rabble you’re talking about, they do most of the working and paying and living and dying in this community. Well, is it too much to have them work and pay and live and die in a couple of decent rooms and a bath?”