Developers that are supposed to build some % of affordable units tend to just build what they wanted to anyways and/or begin phasing those units out immediately. They lobby local gov to make it so they only need to pay a modest fee to make them all high-rent units. In the cases where there is some small %, they often create totally separate entrances/exits and drag their feet on actually renting them out, lest the other residents be exposed to the poors.
Gotta go 100% of the building being affordable and have strict policies on what that means for the decades to come.
A great example of why housing shouldn't be a commodity. All the zoning and legislation and agreements in the world will never change the fundamental fact that as long as these buildings are owned by speculants they will work tirelessly to make them as profitable as possible to them.
This is not a radical position. Most developed capitalist economies realised this and built public housing to ensure an adequate supply. Where this housing has not been wrecked by neoliberalism it always outperforms speculative housing in terms of rents, cost of operations and availability.
Developers that are supposed to build some % of affordable units tend to just build what they wanted to anyways and/or begin phasing those units out immediately. They lobby local gov to make it so they only need to pay a modest fee to make them all high-rent units. In the cases where there is some small %, they often create totally separate entrances/exits and drag their feet on actually renting them out, lest the other residents be exposed to the poors.
Gotta go 100% of the building being affordable and have strict policies on what that means for the decades to come.
A great example of why housing shouldn't be a commodity. All the zoning and legislation and agreements in the world will never change the fundamental fact that as long as these buildings are owned by speculants they will work tirelessly to make them as profitable as possible to them.
This is not a radical position. Most developed capitalist economies realised this and built public housing to ensure an adequate supply. Where this housing has not been wrecked by neoliberalism it always outperforms speculative housing in terms of rents, cost of operations and availability.