Gaming The System
https://mountainx.com/news/city-might-pause-development-program-over-equity-concerns/
“Ultimately, I believe that our current policy hinders our ability to leverage tax dollars for more deeply affordable units. When we are talking about 80% AMI, we are talking about households earning around $68,000 per year, which is still not affordable for many minority families,” says Council member Antanette Mosley. “It begs the question: Do we want to get larger numbers of so-called affordable housing for families of four making $68,000, or would we rather have fewer affordable units if we ended up getting more deeply affordable units?”
Currently, Roney notes, the city’s Land Use Incentive Grant (LUIG) program, which offers developers tax rebates if they include affordable units in their projects, is under review, alongside a number of other items that Council is considering as part of its strategic goal of equitable, affordable housing. One key component of the conversation is potentially lowering the income levels that qualify for affordable units.
Land Use Incentive Grant (LUIG) program https://www.ashevillenc.gov/department/community-economic-development/affordable-housing/land-use-incentive-grant-luig-program/
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Cartoon originally published in the Asheville, NC alt weekly paper, “The Mountain Xpress”.
© 2024 – Brent Brown, Brent Brown Graphix
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