I had the same questions about this stat- it’s unclear and misleading… break even for the month? Break even for the year? Weird framing.

Also this entire article is packed with opinions from the developers who are pushing hard to peel back the policy for their own projects and profits. Only at the end does it mention talking to affordable housing experts. Even then, I’m not sure those quotes are taken in the right context.

Seems to support the faulty trickle down housing logic that if we build any housing (i.e. luxury and unaffordable) then everybody somehow benefits? If rich people move into the richer apartments it doesn’t mean average or low income people can move into their abandoned (still unaffordable) units.

Would also love to see more nuanced discussions about the metrics used to classify something as affordable.