The thing abt “social housing” existing in our current system is that every CLT is financed w the same subsidy tools and regulatory requirements as any given NYSAFAH development, and therefore limited in the same exact ways cc @freecondohttps://twitter.com/DanielKayHertz/status/1437100308845432836 …
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it’s true that HPD might be more willing to do heavy lifting for L&M than a n’hood CLT, but that’s just abt scale, being risk-adverse, and a lack of willingness to invest in training/technical assistance imo
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This is not really an anti CLT take, just a plea to think about capital and operating subsidies more
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Replying to @ceaweaver
how do you fully reduce landlord profits tho (like beyond rent control)
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Replying to @loud_socialist @ceaweaver
As a non-economist, I sometimes wonder if real estate giants could be broken up as monopolies like ppl want to do with big tech. And then I wonder if that would even help, bc each piece of the broken-up Blackstone would then claim to be a mom&pop landlord

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seizing corporate controlled housing and turning it into social housing > turning it into a bunch of smaller landlords if we’re talking hypotheticals here
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seizing corporate controlled housing and giving it a 421-a tax break you mean?
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