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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I don't think IZ scales either. but if you're going to make a solid case to take away IZ you had better have a well-laid out concrete promise to replace it with more subsidized units in a similar timeframe
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I don’t think IZ should go away. Mixed-income buildings and neighborhoods are good. I just think the discourse around it is totally dishonest. Like if you get 40% of 1500 units but you need 1.3-1.7 million square feet of office space to get it, you’ve failed.
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