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Right now it’s not profitable to build affordable housing. That’s the harsh truth. Until we get our supply chains shorted out, end this stupid war in Ukraine, and curb inflation (hurts in the mean time) it’s going to continue.
These are true but we’ve also done a really poor job at building out low-income housing in general, and most of our housing programs are now just temporary tax credits or vouchers. Unlike our global peers, we’ve effectively stopped building public housing that would introduce subsidized competition in a hot market.
You build it and they will come. Government spending and inflation is keep low income housing scarce. The United States has thrown 30 trillion at poverty and we have only exacerbated the problem.
Steve, yep. Unfortunately most of that money never reaches the people in need, Or it’s spent infectively.