And this is why projects don't get built affordably. How many homes has Councilmember Cathey built? Does she understand that builders aren't typically sitting on a pot of funds that they can simply tap into at anytime. There's typically banks involved and tons of requirements to access the funding needed to just initiate a project and get it approved. Profit margins in the homebuilding industry are about the 6th lowest of any industry. And the more obstacles that take from those margins, the less likely the project will get built. If you want affordable housing, you have to incentivise builders to do it. Otherwise, it does not pencil out.
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