D.C. Streets Blog post is HERE. Post says some want to increase commercial use limit to 45% of project.
My multifamily experience is that income from non housing uses often failed to meet projections, ending up with housing subsidizing the commercial space---NOT a good thing for a housing finance program.
My take is that it would be better to handle unique situations through waivers but ONLY if there are enforceable front end long term lease requirements that insure clearly definable future income stream and IF those waivers are transparent and disclosed. Your take? -Add a comment.
