In Marin, we have the same problem. It has to do with lack of developers, not lack of capital. Best strategy is to find new developers who are not motivated by profit. Didn’t Benioff just donate a bunch of money to keep people in their building? That seems like the best approach.
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Replying to @kimmaicutler
Yes, but it’s a start.
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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 …
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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.
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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.
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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.
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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/ …
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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
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Replying to @kimmaicutler
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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