your candidate touted 40% affordability rates... that really were a couple hundred BMR units predicated on approving millions of sq ft of office space or thousands of more high-income workers that would've had nowhere to live & would've displaced more people into homelessness
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Replying to @kimmaicutler @czernobro
I'm intrigued to hear that millions of sq ft of office space is a bad thing.
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Replying to @tbreisacher @czernobro
millions of sq ft of office space without matching housing supply is a bad thing. That is what Bay Area municipalities have been doing for decades.
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I think I've been fairly clear and repetitive for several years at this point that I want a new consensus, which is unapologetically about approving a lot more of all kinds of housing and is also not about criminalizing people without housing. No single party offers this.
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so if I get one part of what I want, I am happy to hold whoever is in power accountable for the other part.
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Progressives are actually not all that great about homelessness either. They spent the last two election cycles campaigning against or deliberately not endorsing measures that would've raised more $50-70M more in funding per year for homelessness.
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Replying to @czernobro @tbreisacher
You clearly do not understand how inclusionary housing works. They will make the same margin or just not do the project. If they need to stick in more office to make the margin (aka add more jobs-housing imbalance) or wait until neighborhoods rents are even higher than they would
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Otherwise be to make the %, they’ll do that. Case in point: @calpers, aka the state workers’ retirement fund for public labor, won’t turn on financing for this developer until it can guarantee that costs/rents pencil out on this project with a 14% returnhttps://www.bizjournals.com/sanfrancisco/news/2018/02/06/exclusive-costs-are-stalling-anew-soma-housing.html …
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