cnorl t1_jd6gn5r wrote on March 22, 2023 at 4:17 AM

Reply to comment by Icy-Memory-5575 in Bill would create $50-million revolving fund to develop public housing by kbd77

That’s only true if rent is subsidized in a market with private owners. Which, granted, that’s what is going to happen.

But it is REALLY important to point out that the state could own the housing and set the price and it would theoretically have the opposite effect.

Icy-Memory-5575 t1_jd6heb3 wrote on March 22, 2023 at 4:25 AM

I think the state will sell the housing at a very high price and give them an enormous tax break. Prov only has entertainment now and it will become like Boston soon which has the highest percentage of subsidized of any major city. I think the taxes will increase for everyone else too. They approved an empty lot on Valley st for 52 units and it’s for sale for over 1 million. I think they could easily hold it and build themselves but they don’t. . But This is all my opinion