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AWITC- At least in much of DC density is maxed out without bonuses for low-income units and that's why it's required by law. Otherwise there would be no need for the law- developers would take advantage of the bonus voluntarily.

In a building where rents are $3K and a certain number have to be available for Section 8, which is I guess about $1K, I'd assume the market rate tenants do pay higher. It's better to just say that's our desired policy and we accept the costs to other tenants than to sweep it under the rug.

Estimating the cost in each building also would allow us to objectively determine whether the amount of defacto private subsidy is better spent in that building or through allowing more units of off-site housing to be built by the builder.

Not taking a side, it would just be good to know.

by Tom Coumaris on Dec 19, 2012 2:02 pm • linkreport

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