What does this even mean ??
Folks, I never cease to be amazed by the answers I hear from people who simply want more power. Case in point: she is apparently a front-running candidate to become mayor of D.C., yet she cannot even seem to understand how housing policy actually works. Her grand solution is to take money from people’s pension funds, money earned through years of hard work, and somehow leverage it into building more housing. Meanwhile, the actual problem is staring everyone directly in the face.
The issue is not a lack of ideas or even necessarily a lack of capital. The issue is that the permitting process is painfully slow, the zoning laws are restrictive and outdated, and developers are constantly trapped in bureaucratic gridlock before a single shovel even touches the ground. Instead of addressing those structural failures, politicians keep proposing convoluted financial schemes that avoid the real conversation. How about expediting permits? How about fixing the zoning laws? How about streamlining the process to actually allow housing to get built? Those are reforms that could have been pursued while serving on the council, yet somehow they were not.
What makes these proposals so frustrating is that the people pushing them often know exactly where the bottlenecks are, but instead of fixing them, they throw random ideas against the wall to see what sticks. Taking money from pension funds does not magically solve the underlying problem when developers are still trapped in the exact same broken system. If the permitting delays remain and the zoning restrictions stay in place, you are simply funneling more money into a clogged pipeline that still cannot function efficiently.
Folks, robbing Peter to pay Paul and using people’s pension funds without a clear plan, while the zoning laws themselves are absolutely awful, is a disaster of an idea.