Developers say they can’t build affordable apartments the Boise area needs. This is why
Blame high land and construction costs, along with property taxes, developers say.
Don’t listen to me, listen to developers who want to build the housing we need but can’t…because speculators are holding land for gain.
And by property taxes, they mean low taxes on vacant unproductive land vs the taxes on improvements that discourage development, along with zoning and other outdated laws. Raise the tax on undeveloped land and lower it on improvements and stand back…the increased in economic activity will more than make up for any shortfall in passive property tax revenue.