The socialization that's now going on is subsidizing the rich to build ever more market-rate housing to cont. the gentrification problem here:
Vadas, B. 2023. Eco-social activist/scientist sees dysfunction in the Olympia City Council. Works In Progress (Olympia, WA) 33(5): 13 (https://olywip.org/eco-social-activist-scientist-sees-dysfunction-in-the-olympia-city-council).
Those of us who oppose the MFTE (mo-fo tax exemption) do so b/c it won't effectively benefit the 12-yr. program for affordable housing, but rather cont. to promote the 8-yr. program for "yuppie" housing. Until the homeless problem along I-5 and b/w Martin Way & Pac. Ave. is solved (& that won't be accomplished w/ an 80% AMI criterion), the OCC is just re-arranging deck chairs on the Titanic. We need better City prioritization, so that developers can afford to build low-income housing.
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