“The amount of fees that market-rate housing and office developers pay into the city’s affordable housing fund has plummeted 70 percent from the high in fiscal year 2015-16, declining from $111 million to $35 million in the current fiscal year.” https://twitter.com/markasaurus/status/1096830827906793472 …
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Kim, would you elaborate about what you're referring to when you say "taxpayers themselves did not want to make a financial commitment to support affordable housing."
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We’ve done two bonds in the history of SF. That’s it. It’s easier for politicians to say someone else is going to pay for affordable housing like “developers” or the renters/buyers that eventually live in new units, not you the voter.
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"because taxpayers themselves did not want to make a financial commitment to support affordable housing" Of course not. As it would jeopardize the value of their largest investment.
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… which was a proxy for racial animus.
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When this $35 million falls even more (and it will) I hope writers like yourself keep pressing SF Board and say, “we told you so” and hold them all accountable
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Why pay for things when I can make theoretical future residents pay for them instead? -SF voters
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more SF voters: why our problem? isn't this what we have Oakland for?
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In other news, cross-subsidies are bad policy...
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