C100 Housing Subcommittee What Assumptions Are Driving The Intense Pressure To Build

Housing Subcommittee

There is no trickle-down housing effect from market rate housing, and the bottom is getting worse.  The C100 strongly advocates robust public funding to create housing for those in the 0%- 50% AMI range ($58,600) first, before subsidizing developments catering to those above that level. For those at the lower end of the scale, the availability of publicly subsidized housing is the difference between having a home and not having one. Further up the scale a subsidy merely enhances the quality of a home and the profits of the developer.