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care about profit” will eventually build once they pair that locally generated $300K in subsidy per single unit with maybe 6 or 7 different sources of federal and state financing carefully assembled together over many years.
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When Marin voters care enough to directly finance themselves or identify another funding source for that 300K per affordable unit, and then expedite the entitlement process, maybe they will identify some developers.
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It will take someone who is either motivated by social impact or funded via someone like Benioff or Lucas. So, in those two scenarios...they're not motivated by profit.
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Relying on the unpredictable largesse of two idiosyncratic, wealthy men is not a strategy for meaningfully addressing low-income housing needs.
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