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Candidates propose tools — from trust funds to anti-speculation taxes — to counter rising housing prices
Summary
At a seniors forum, candidates debated strategies to keep housing affordable, from affordable housing trust funds and community land trusts to an anti-speculation tax and scrutiny of developer tax incentives.
Housing affordability and speculation were frequent topics at the Ferndale seniors candidate forum. Candidates described the limits of market-rate development and discussed tools to preserve or increase affordable housing. Laura Michalski said the city uses tax incentives to produce subsidized units; Quinn Ziegler and Eddie Sabertini questioned whether typical developer incentives deliver lasting affordability, because many units…
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