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Nudge down the design and development fees, pay the construction workers less, drop the interest rate as low as it will go, spend nothing on maintenance, even assume that someone gave the land for free — and the buildings still aren't feasible. A 50-unit apartment is still millions short.
"Even if you try to tweak a lot," Poethig says, "for people of extremely low incomes, there’s just going to be this gap to the cost of development and production of housing."
— washingtonpost.com
A very enlightening (and depressing, but with tentative solutions!) interactive from the Urban Institute uses data from Denver, Colorado's housing market to show how building affordable housing just doesn't "pencil out"—meaning, as Emily Badger puts it for the Washington Post, "The costs of... View full entry
