"The bill as written... opens the door to abuse, undermines local authority, and offers long-term tax breaks without adequate public benefit in return," said Councilmember Roias.
Anything that benefits the landlord class harms everfyone else in the comunity. Tax breaks for market rate to market rate conversions are truly sick and totaly unneeded. Glad the City Council is sticking for for the people, the mayor, as ususal, juat sides with the real estate businesses. Too many p0li9ticiasins think helping the real estate industry is economic development, but it is really just stealoing form the peole. Real estate for market purposes should never get subsidies. Tax breaks musty bne reserved only for projects that truly serve people who cannot afford market rates.
I think the biggest issue here is that developers don't want to build affordable housing without incentives. Providence is not alone in this. Developers are there to maximize profits. If the government wants more affordable housing I believe we should build it ourselves. We could build 100% LMI housing for families and seniors - which are the most requested and save ourselves from the constant dance with developers to get them to do so. It's what's done in Europe.
Anything that benefits the landlord class harms everfyone else in the comunity. Tax breaks for market rate to market rate conversions are truly sick and totaly unneeded. Glad the City Council is sticking for for the people, the mayor, as ususal, juat sides with the real estate businesses. Too many p0li9ticiasins think helping the real estate industry is economic development, but it is really just stealoing form the peole. Real estate for market purposes should never get subsidies. Tax breaks musty bne reserved only for projects that truly serve people who cannot afford market rates.
I think the biggest issue here is that developers don't want to build affordable housing without incentives. Providence is not alone in this. Developers are there to maximize profits. If the government wants more affordable housing I believe we should build it ourselves. We could build 100% LMI housing for families and seniors - which are the most requested and save ourselves from the constant dance with developers to get them to do so. It's what's done in Europe.