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kimmaicutler's profile
Kim-Mai Cutler
Kim-Mai Cutler
Kim-Mai Cutler
Verified account
@kimmaicutler

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Kim-Mai CutlerVerified account

@kimmaicutler

Partner at @initialized. Previously @techcrunch. When life hands me lemons, I make tarte au citron.

San Francisco
medium.com/initialized-ca…
Joined April 2008

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    1. Lili Balfour  🙏 🐕 🚴 📈  👩‍🍳‏Verified account @lilibalfour 29 Dec 2018
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      Replying to @kimmaicutler

      Yes, but it’s a start.

      1 reply 0 retweets 0 likes
    2. Kim-Mai Cutler‏Verified account @kimmaicutler 29 Dec 2018
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      Replying to @lilibalfour

      Go look at yourself in the mirror. Go have Marin look at itself in the mirror. It’s a joke. That county doesn’t care. It doesn’t care if the guy who made Star Wars is financing it. It’s pathetic.https://www.bizjournals.com/sanfrancisco/news/2016/11/10/george-lucas-affordable-housing-marin.html …

      2 replies 0 retweets 0 likes
    3. Lili Balfour  🙏 🐕 🚴 📈  👩‍🍳‏Verified account @lilibalfour 29 Dec 2018
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      Replying to @kimmaicutler

      I looked in the mirror and saw someone who volunteers 10 + hours a week supporting the homeless. I've housed homeless people. Advocated for them when they were in jail. Got them jobs. Cooked for them. Provided groceries. Not sure why you feel the need to go on the attack.

      3 replies 0 retweets 1 like
    4. Lili Balfour  🙏 🐕 🚴 📈  👩‍🍳‏Verified account @lilibalfour 29 Dec 2018
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      Replying to @lilibalfour @kimmaicutler

      As far as Marin goes, there is a developer problem - developers don't want to build homes that aren't profitable. I've introduced a social enterprise developer to the director of homeless planning and outreach hoping they could work something out.

      2 replies 0 retweets 0 likes
    5. Kim-Mai Cutler‏Verified account @kimmaicutler 29 Dec 2018
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      Replying to @lilibalfour

      It’s not that they don’t want to. It’s that they *can’t.* They can’t get financing even if they want to. No one will put up capital for a 100% chance money-losing project.

      1 reply 0 retweets 1 like
    6. Lili Balfour  🙏 🐕 🚴 📈  👩‍🍳‏Verified account @lilibalfour 29 Dec 2018
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      Replying to @kimmaicutler

      That's why I said, "Best strategy is to find new developers who are not motivated by profit." Marin has housed about 100 ppl in past few months through vouchers/privately owned rentals. They have an aggressive strategy to end chronic homelessness by 2020. https://www.marinij.com/2018/06/19/san-rafael-disjointed-process-for-housing-homeless/ …

      1 reply 0 retweets 0 likes
    7. Kim-Mai Cutler‏Verified account @kimmaicutler 29 Dec 2018
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      Replying to @lilibalfour

      Omg. Why am I having this conversation. You cannot just find developers who do not care about profit. In SF there is a $300K financing gap per unit that the city somehow has to generate in taxes from taxpayers or something else to create 1 unit that some developer who “doesn’t

      2 replies 0 retweets 1 like
    8. Kim-Mai Cutler‏Verified account @kimmaicutler 29 Dec 2018
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      Replying to @kimmaicutler @lilibalfour

      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.

      1 reply 0 retweets 0 likes
    9. Kim-Mai Cutler‏Verified account @kimmaicutler 29 Dec 2018
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      Replying to @kimmaicutler @lilibalfour

      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.

      1 reply 0 retweets 0 likes
    10. Kim-Mai Cutler‏Verified account @kimmaicutler 29 Dec 2018
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      Replying to @kimmaicutler @lilibalfour

      When I was referring to “you,” I wasn’t saying you, Lili, I was saying figurative you, as in Marin & Marin County’s policies over the last half-century.

      1 reply 0 retweets 0 likes
      Kim-Mai Cutler‏Verified account @kimmaicutler 29 Dec 2018
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      Replying to @kimmaicutler @lilibalfour

      There are robust non-profit developers that are supposed to serve and operate all over the state of California, but they tend to operate in locations where they know they can get the taxpayer/public local subsidy they need + the entitlements for low-income housing.

      10:30 PM - 29 Dec 2018
      1 reply 0 retweets 0 likes
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        2. Kim-Mai Cutler‏Verified account @kimmaicutler 29 Dec 2018
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          Replying to @kimmaicutler @lilibalfour

          Affluent counties don’t tend to give two shits about either. (Again, not you personally, but Marin the county.)

          1 reply 0 retweets 0 likes
        3. Kim-Mai Cutler‏Verified account @kimmaicutler 29 Dec 2018
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          Replying to @kimmaicutler @lilibalfour

          It is really just profoundly expensive to build any kind of housing in the Bay Area. $400/sq ft construction costs per sq ft, on top $100-200K in land costs per unit, excluding fees, cost of capital, etc. Maybe $600/sq ft raw construction with the demand shock from wildfires.

          1 reply 0 retweets 0 likes
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