The plan should also pre\u002Dzone for social and co\u002Dop housing to make the building and approval process a bit cheaper.
The plan deals with challenges like housing affordability, homelessness, climate change, child care, and past and present inequities. It sets direction but won’t enable zoning or supersede other policy initiatives. Still to come, if the plan is adopted, is more technical analysis, financial and infrastructure planning, and future area planning.
Even if our population doesn’t grow, we have two huge issues to plan for: climate change and a housing crisis with 86,000 households in need of affordable, appropriate housing and about 2,000 people who don’t have a home. But who would be able to afford the housing? Private sector developers say they can’t build housing that households earning under about $75,000 per year can afford. That means most renters, whose median household income is about $50,000, won’t be able to afford new housing built by the private sector.
Allowing even higher densities in areas where we already have apartments can lead to developers tearing down existing affordable apartment buildings and building new, more expensive ones. The plan talks about tenant protection but isn’t specific. When the city increases the number of units that can be put on a parcel of land, the value of that land goes up, increasing the cost of the housing that gets built and leading to speculation that makes housing even less affordable.
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