... which means basically either we're not going to produce very much below-market-rate housing (which has been the status quo for decades) or we have to somehow generate the revenue to do so.
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All in with federal LIHTC credits, state programs and more, it's more like $700-900K a unit though. I was just counting the locally generated part.
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Also, where is
@markasaurus? He can tell you modern numbers. He has a slidedeck on this he updates every so often....Show this thread
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Clears throat... It's a little more now.pic.twitter.com/xKg8pwOlDf
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I said local. You fill the other gap w/ federal state. So maybe that $600K is all in.
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These numbers are also meaningless without comparing our actual job creation to the RHNA projected job numbers, which nobody in the "we've built enough market rate housing" camp *ever* does.
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"We've built 110% of our projected MR housing need but we have 300% of our projected job creation" isn't the narrative they want to tell.
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RHNA doesn’t account for historic underproduction, but shanti is counting on her followers not knowing or caring
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These details don't matter the goal is to zero out market production.
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