D.C. Council Testimony on the Green New Deal for Housing Amendment Act of 2022
The “Green New Deal for Housing Amendment Act of 2022” begins with a financially impossible proposition and makes it even costlier. The bill is premised on the idea that higher-income tenants can cross-subsidize the rents for lower-income tenants, all combined in a mixed-income project. However, the parameters of the bill—the recommended income and tenant mix—are not practically possible.