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The Ford government is pausing a plan to require developers to build affordable housing in units near transit stations. Toronto's Mayor tried to negotiate, but "did't get very far" with the provincial government. #onpoli

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Colin D'Mello | Global News

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51,752 просмотров • 6 месяцев назад •via X (Twitter)

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Wait A Second..... Ontario Has Set Up A Fund To Bail Out Developers? WTF Is Going On Hear Provincial Government calls it a fund to improve affordable rentals & help the Construction Industry But is it really buying unsold Condo Units to Bailout Developers? Head is exploding

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Former Mayor of Coronado California is blowing the whistle on a new housing project These new San Diego “affordable housing units” are going to cost $900,000 per unit He shows a luxury sky rise building with luxury amenities was built for half that “This affordable student housing project is projected to cost taxpayers nearly $900,000 per unit to build. Meanwhile, this luxury residential development recently sold for just $400,000 per unit. So what gives? (Here’s more California Democrat housing projects) - Government funded affordable housing projects like 101 Astoria at $1.1 million per unit - This city college project at $900,000 per unit - Rose Creek Village at $600,000 per unit All routinely cost far more than luxury residential units. I'm Richard Bailey, former mayor of Coronado and here's why you should care. It's very popular these days for politicians to campaign on affordable housing. Obviously, no one is against affordable housing, but the affordable housing projects being built by government agencies are often double the per unit cost — San Diego taxpayers are paying double the amount for lower quality housing that they won't even be eligible to live in”

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An “affordable housing” project at San Diego City College is costing taxpayers $900K+ per unit while nearby market-rate developments cost just $350-$450K per unit. This is the latest in a series of “affordable housing” projects built by government agencies, at taxpayer expense, that are costing taxpayers 2X what higher quality units cost to build. To learn why affordable housing projects costs more to build than market rate projects, follow along.

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If you listen to Joakim, you'll have to agree with him on how the government is operating the affordable housing. Take a listen
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If you listen to Joakim, you'll have to agree with him on how the government is operating the affordable housing. Take a listen

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It is always a pleasure to visit Rev. Brawley and the Metro IAF Leadership Team, and I look forward to working with you on my housing plan to build 100% affordable units on city-owned vacant lots.

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