Submitted by kbd77 t3_11xj7u2 in providence
kbd77 OP t1_jd3j2dx wrote
Reply to comment by dgroach27 in Bill would create $50-million revolving fund to develop public housing by kbd77
This sounds somewhat similar to that – the idea isn't to just build ugly block towers to cram poor people into like they did here in the 60s, it's to build modern, appealing living spaces with amenities that are affordable to low-income earners. The example of the building in Maryland that they provided in the article was very encouraging. I hope they stick with that as the goal for this program.
dgroach27 t1_jd3kz6m wrote
Affordable and desirable public housing will push rent prices down, push for landlords to provide more, or both. Expect heavy push back from developers on this bill.
kbd77 OP t1_jd3zog2 wrote
Yep, my first thought when I saw this was "shit, I hope they can get the votes." It'll be a battle.
cowperthwaite t1_jd4i9y3 wrote
Article on Maryland model. Sub required.
kbd77 OP t1_jd4jdkc wrote
I don't subscribe, do you have a TL;DR? No worries if not, I'm not tryna have you do work for me haha
cowperthwaite t1_jd4kzc9 wrote
Please consider a subscription. Current deal is $1 for 3 months.
tl;dr
>The takeaway: Montgomery County acts a "public developer" — meaning that HOC is building new housing on land that it often already owns, rather than simply relying on the private sector to create more units. It's invested $100 million in a revolving fund that's accelerated the construction process and is expected to produce about 1,500 units every four or five years. And it focuses on creating mixed-income housing, also known as “social housing."
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