Bloomberg: Why It’s So Hard to Build Affordable Housing: It’s Not Affordable

Bloomberg: Why It’s So Hard to Build Affordable Housing: It’s Not Affordable
July 26, 2016 Peter

affordable housingA real estate developer wanted to increase affordable housing in Denver, trying to make fiscal sense out of a plan to build rental apartments for people making only 30 percent of the area’s median income—the kind of housing America desperately needs. He discovered that, no matter what lever he moved or compromise he made, he was going to need some money from the government to make it work. Then he was going to need some more.

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