Jessica Hall of Mainbiz reports on how government mandates have hurt construction in Portland, Maine.
- In Portland, ME a local Green New Deal has disincentivized investments in local housing and construction.
- Under Portland’s Green New Deal, 25% of new construction for 10 or more units is required to be affordable.
- While well-intentioned, this policy will likely lead to fewer units being built and more expensive housing costs.
- Similar to housing, top-down government mandates for climate and energy policy often have unintended consequences. The best way to lower emissions and benefit our economy is through economic freedom.
Read the full article here.