Why Is 'Affordable' Housing So Expensive to Build? [citylab.com]
It’s a problem that isn’t going away: the so-called “affordable” housing we’re building in many cities—by which we mean publicly subsidized housing that’s dedicated to low- and moderate-income households—is so expensive to build that we’ll never be able to build enough of it to make a dent in the housing affordability problem. The latest case in point is a new affordable housing development called Estrella Vista in Emeryville, California, (abutting Oakland and just across the bay from San...