Thank you for explaining this. It was very interesting. Is there also the financial benefit for the city of by reducing turnover for city employees if they have affordable housing stock at their salary bands to live in?
Totally— the city needs housing at all levels of affordability to remain vibrant. Otherwise we lose not just city employees, but artists, caregivers, seniors, families, the list goes on.
Definitely! I thought that 91% stat was interesting too— to me, if that’s the way we can get more affordable housing built (not just preserved), that’s great. Since we really need units at all levels of affordability, it’s a win win.
Thank you for explaining this. It was very interesting. Is there also the financial benefit for the city of by reducing turnover for city employees if they have affordable housing stock at their salary bands to live in?
Totally— the city needs housing at all levels of affordability to remain vibrant. Otherwise we lose not just city employees, but artists, caregivers, seniors, families, the list goes on.
Definitely! I thought that 91% stat was interesting too— to me, if that’s the way we can get more affordable housing built (not just preserved), that’s great. Since we really need units at all levels of affordability, it’s a win win.