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I hate all of these "one weird trick to make housing affordable" policies. New build private housing isn't ever going to be cheap. If you want cheap new build you either let people build like crazy and subsidize demand or you build public housing. Those cost money, though

Indeed, this is the bad kind of neoliberalism that attempts to use kludgy market based policies to fulfill core state functions like providing subsidized housing to poor people.

Truly the worst legacy of the Obama era. Those guys were obsessed with cute little tricks to get the market to do things instead of the obvious solution of just doing shit. Some of that was born of obstructionism from Rs, but some of it was terminal consultant brain within the admin