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Proof-Variation7005 t1_iz1orcm wrote

Reply to comment by Tortankum in 'Affordable' apartment complex proposed for parking lot on Washington St. in Federal Hill by cowperthwaite

It means it is subsidized and owned by the government with rents capped at a certain amount well below market value.

Nothing about the statement assumes the quality/aesthetics/appliances have to be poor. It's kind of odd you would even assume that.

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cowperthwaite OP t1_iz37vct wrote

It's not owned by the government. It's subsidized through grants and low-interest financing, and the units will be deed restricted for 30 years as affordable.

However: Dude (tortankum) should have read the article. It's not behind a paywall. No reason not to.

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412gage t1_iz3d83n wrote

I think many people hear the term "affordable housing" without knowing what it means so they draw conclusions. Projects funded through the LIHTC program, in my state at least, are being built to very good quality for the tenants. Of course, it depends on the developers and the Agency processing the applications.

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Tortankum t1_iz1sf5w wrote

Because I didn’t know the rent was capped. Because if it wasn’t, there’s no shot these would be affordable as you acknowledged.

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Proof-Variation7005 t1_iz247h3 wrote

I would've gone off the link, the other comments, or maybe the use of the extremely common and specific phrase "affordable housing" which usually applies to income-based properties that are specifically subsidized by government.

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Tortankum t1_iz29a91 wrote

Ty for being extremely condescending. The link does not mention government mandated rent caps, and the phrase “affordable housing” does not automatically mean there are rent caps.

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Proof-Variation7005 t1_iz2b61w wrote

Affordable housing is pretty specific term that wasn't invented today.

Like, why would they be asking RI Housing for approval and funding if that wasn't a factor? Very specific rents are cited and a spreadsheet of qualified income ranges

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Tortankum t1_iz2bbon wrote

Thank you for continuing to be extremely condescending.

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