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I do think This is usually all flawlessly and outstanding for MTC and also the corporate pursuits that released us the CASA Housing Compact, but Another time, this does close to Definitely absolutely nothing to enhance the cash obtainable for more compact, infill affordable housing progress that we so desperately have to get.
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For the reason that The chance Zone maps intentionally outline parcels in low income census tracts, but include things like no affordable housing or other public advantage specifications, they absolutely promise that if housing is built in Those people parts, It will probably be luxurious housing and bring about displacement and gentrification.
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Any person wishing to just make investments cash in an affordable housing task, for instance, will not qualify with the tax Advantages (I consider this An important flaw, specifically because it relates to smaller sized projects that happen to be more challenging to finance).
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Such as, Marin County has Just about no possibility zone spots discovered, due to the fact we are not a low profits census tract. That’s truly dumb and proof why maps are dumb to begin with. In order prepared, The chance Zone laws ensures the status quo. It assures that no investor will have any incentive to make affordable housing in Marin, and that is precisely where by we wish and need it to be crafted.