But one of the biggest barriers to improving affordability is a sheer lack of developmental lots, something I see in the district all the time. I have draft legislation to create a no interest revolving mezzanine loan fund to help responsible developers overcome the upfront capital constraints that keep lot development out of reach, especially for projects with lot costs under 100 grand. Mr. Sears, I know we've talked about this in the past, but can you just. How would increasing the supply of just buildable lots. (00:19–00:36)
CLAIM
Asserts the existence of draft legislation for a no-interest loan fund to aid developers with lot costs under $100,000.
This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.
