Changing the way Area Median Income is calculated would be as helpful in addressing our housing crisis as measuring building heights in meters instead of feet.
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Also for LIHTC
So is your point is that bc LIHTC is pegged to 60% of AMI, if we change AMI definitions, LIHTC will reach more serve more income households, who we today call 30-40% AMI households?
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That may be true, I suppose, but would result in net fewer units bc everything would still cost the same. And maybe that’s a policy point to make - we should build fewer units that are more deeply affordable. But again, there is a neater and less convoluted way to make that point
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And it’s also not a policy position I would take! We should have a public developer who can build more social units and commit more subsidy to the projects but also the units should be affordable at a range of income levels The housing plan has to cost money though - lots
End of conversation
New conversation -
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