City buys existing older building to add to social housing program. Landlord who sold building reinvests that into new construction at market rate? Maybe that doesn’t map out perfectly, but I’m sure that will happen to some degree. It’s not a silver bullet, but it’s a meaningful puzzle piece.
“Housing construction in Seattle is equity constrained,” is a…take. You’re gonna need some empirical evidence to make that plausible.
Yeah, maybe not. I’m not all that interested in dumping on social housing funding. It’s good policy. It’s not the only policy needed. I don’t think Katie Wilson has *ever* argued that.
Like, it’s well and good to like social housing, but like, we’re short ~100,000 housing units and it won’t produce more than a few hundred in the best case prior to ~2040, so it’s not material either way.
I’m not sure how many homes that untaxed money was producing or how many homes diverting money from the jumpstart payroll tax would have produced or how much the over $500,000 spent by businesses opposing the tax went towards housing but I voted for taking practical steps towards housing
And a mayor who runs with that attitude instead of dragging their feet, setting up roadblocks, and repeatedly favoring the status quo is the mayor I voted for. #WilsonforSeattle