Quote:
Originally Posted by MSFHQ
Not sure why Philadelphia needs rent controlled apartments. You can literally live 5 minutes away for less than this building costs. Let developers build higher and charge what they want.
Is there a list of buildings in the city like this that someone can access?
|
this has nothing to do with rent control. This is an incentive program for developers that is optional under the zoning code. And the point is allow someone of moderate (these restrictions dont count as "low" income) income to live IN these neighborhoods, not a mile or 2 away. And considering this is first building to take advantage of this trade off I wouldn't really look at this as a widespread phenomenon.