Obvi it's impt to create more affordable units, but it gets very little bang for buck. What if we took $10-20mil & *really* committed to standing up/integrating the shared Acela system at DBI/Planning - and then steamlined the heck out of the City review/permitting process...
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Replying to @bzotto @kimmaicutler
i'm always semi-reluctant to engage these points, but argument is: the overall supply-demand imbalance is so huge that additional market rate units won't impact affordability at all for a very long time, so literally the only way to get affordable units is to directly build them
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...and the same argument goes for speeding up permitting: it helps, but you're operating at the margins, and it won't impact anything cost-wise for a very long time
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Yeah I think it's right to be skeptical. There's decent evidence to believe that building a bunch of market rate units would reduce pressure on mid-income earners who compete for housing stilock with wealthier residents. But it's less obvious at the low-income end.
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The scale of growth req'd to decrease housing costs for low-inc earners would be unprecedented in SF - but it's also prob necessary. Whats the alternative? even if in practice we improves costs at the margins, it's better than encouraging costs to go up even further...
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Those savings/improvements at the margins might be a lot bigger than what we can produce by staright building BMR alone.
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And I think we can also get at least marginal savings/improvements by improving the permit/review process. If we can get the average time to complete from (let's say) 5 years to 3 years, that's a very big deal across a few thousand developments.
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For example, on avg it takes ~450 days (#@$&!!) for large residential projects to get their first commission hearing once their app is accepted. It even takes 200 days for 100% affordable devs, and that's after huge improvements in avg time. We can improve that.pic.twitter.com/MUNtuo6Dca
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Also SOURCE for this is the FY19/20 Mayor's Budget Book (City Planning section) https://sfmayor.org/mayors-office-public-policy-and-finance-0 …
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Is this the thing that came out 2 days ago?
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Replying to @kimmaicutler @bzotto
IT IS. It comes out every year June 1 (ish). Our team in the Controllers Office collects and organizes the strategy/performance data with depts, which all goes into a shared system. We're hoping to make it all way more accessible this year.
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But the Mayors budget team does the heavy lifting for each publication.
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End of conversation
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