Wednesday, September 04, 2019

Affordable housing is rare because it’s illegal to build - American Experiment

See the source imageAffordable housing is rare because it’s illegal to build - American Experiment
"Few people doubt that the Twin Cities has a shortage of affordable housing.
Just recently, the Pioneer Press reported that there are “No St. Paul apartments available for families earning $30,000 or less, report finds.”
...Policymakers are not short of proposed policy solutions.
...But before we commit to spending hundreds of millions of taxpayers’ dollars, we ought to ask this: Are we treating the problem or the symptom?
...In February this year, a report commissioned by a builders group, Housing First Minnesota, found that municipal fees and regulations in the Twin Cities are pushing up prices of new homes more sharply here than in other communities, making it nearly impossible to build a single-family house for less than $375,000.
Such fees account for up to one-third the cost of a new house here..."
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