It passed the City Council 31 to 20. The City is to commit $60,975 per projected unit to invest in sewer projects, financing for affordable housing (Land Trust) development, legal services for homeowners, and down payment + rent vouchers. How much of the $5 billion will actually benefit homeowners and tenants directly? Will that information be tracked?
Press release dated December 5, 2024 from the City Council.
Will this legislation be a major legislation in lowering rent? Why is vacancy rate so low when the population is DECREASING?!?
Candidate for City Council in 2023
