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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Replying to @kimmaicutler
It's amazing to think that as recently as the 70s, San Francisco was building enough public housing to satisfy all demand.
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Replying to @bedwardstiek
Is this an ironic statement? There was a massive federal effort to move the middle and upper-middle-class away from cities, thereby depressing real estate values and the wealth of those left behind in cities.
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Replying to @kimmaicutler
Yes. And there mas also much more federal and state investment in public housing construction. Both were forms of the government spending money to subsidize housing, producing a situation in which there were no waiting lists, and no street homelessness.
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Replying to @bedwardstiek @kimmaicutler
Important to remember that suburbs made possible by federal highway spending, state-funded water projects, the GI Bill, and the mortgage interest deduction ARE government-subsidized housing.
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Yes, and now they don't have the same level of federal support, so many of the suburbs around the Bay Area have long-term financial sustainability issues, which is in part what is driving their pro-office, anti-housing fiscal decisions.
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