It cost the San Francisco city government $323,071 to acquire or rehab a single affordable housing unit last year. Not build new, because that’s more expensive, but just acquire and rehab. 83,733 very low- to low-income households applied for 1,025 rentals in 2017.https://twitter.com/apmortgagemarin/status/1004728516922040321 …
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Is that $250B statewide? I was talking about SF demand only. I will say that https://www.sfcommunityhousingact.com/details seems to have at least engaged with basically reasonable numbers, but it takes 60 years to build 30k units. Sigh.
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Not trying to be snarky, this is a genuine question: has YIMBY addressed the math of this in a meaningful way? I know we talk a lot about how the numbers are huge and insurmountable, but I haven't seen a long term game plan either.
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Repealing prop 13 would just about cover that.
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