Postby twincitizen » July 23rd, 2018, 1:23 pm
100% affordable housing projects rarely include retail, and it has everything to do with the insanely complex financing schemes used to make these projects happen. To be clear, I'm not saying there shouldn't be retail. But this isn't the same as [City staff or Planning Commission] simply asking CPM or Doran to add more retail space to their market-rate/luxury apartment building. You're asking the developer to add more complication and risk to an already complicated affair involving tax credits, HUD financing, etc. I'm by no means an authority on this topic, this is just what I've heard over and over again from developers and city officials.