Luxury-home lottos reconsidered in Boston housing squeeze
Bloomberg - 07/14/2015
The Boston policy requiring developers to accommodate lower-income residents in even the most expensive buildings is being scrutinized as cities struggle to provide affordable housing. Helping lottery winners such as Lane live in swanky digs limits the construction of properties elsewhere that can accommodate more people, said Barry Bluestone, an economist at Northeastern University.
“It’s a nice gesture but it does virtually nothing to solve the housing crisis,” said Bluestone, founding director of Northeastern’s Dukakis Center for Urban and Regional Policy in Boston. “There are a lot of areas where it would be cheaper to build middle-income housing.”