While I do agree we need affordable housing in Sioux Falls, I think it should be a private venture with tax and de-regulation incentives attached. One of the main reasons I bought a home was to save myself money on renting, my mortgage with escrow is about 75% of what most of my friends pay in rent (money they will never see again). Housing is affordable in Sioux Falls, apartments are not. We should be spending the money on encouraging home ownership. Taxpayer subsidies for affordable housing is just putting a bandaid on the problem;
Affordable housing is likely to be just one issue that comes up tonight as council members take up the budget.
I think we should focus on stopping unemployment in Sioux Falls and start bringing in higher paying manufacturing jobs instead of encouraging people to stay in a working poor job.