ok realizing this needs to be said because not everyone knows:
building affordable housing is a red herring. a scam. a multilevel marketing scheme.
there is far more housing than there are people. you would think housing is expensive because the supply is too low and the demand too high. we’re taught to believe in the ‘law of supply and demand’ but that’s invariably a gross simplification.
real estate is always a great investment because land is a fundamentally finite resource, and fundamentally necessary for life. most investments tend to fluctuate, to increase and decline in value, but real estate almost always increases, and often at far higher rates than ‘the market’ at large offers.
so what does this mean? it means that there are many times more vacant homes than there are homeless people. it means buying a home and renting it for more than the mortgage while the equity only grows is an incredible investment. heck buying a home and not renting it is still a great investment. SO no matter how many homes you build, ‘affordable’ or not, they will be bought up and hoarded by the rich and housing will remain unaffordable for everyone else.