Council Member Zhuang asks about AMI vs market rate in her district
She says affordable housing at 80% AMI costs more than market rate in her district, asks how DCP deals with this, and says building more affordable housing drives market rate up.
Councilmember Zwing, followed by Brewer, Santus, Woso, and Lee.
Thank you.
Thank you, Chair.
And also thank you for coming here today.
And I give you some background in my district.
I have Community Board 11.
cost of one bedroom for two people in my district is lower than $2,400, but while affordable housing for two people couple at 80% AMI costs
$2,430, actually it's higher than our market rate.
So for this type of situation,
We need to build more affordable housing.
Yes, I agree we need to build more affordable housing.
That actually drives my market rate up.
People not able to afford.
We are not Manhattan.
Our rent originally not that high because we need to build more market rate.
More affordable housing, our rate actually drive up.
How do you deal with this type of issue?