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kimmaicutler's profile
Kim-Mai Cutler
Kim-Mai Cutler
Kim-Mai Cutler
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@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. Kim-Mai Cutler‏Verified account @kimmaicutler 12 Apr 2019
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      Kim-Mai Cutler Retweeted nancy pelosi's endorsements guy 🌹

      It's great to share housing balance numbers about what we're producing from very low-income to low-income to moderate to above moderate, but you have to give the context that it generally costs *~$300K* per unit in *local*/taxpayer subsidy to create *one* below-market-rate unit.https://twitter.com/uhshanti/status/1116786705615351808 …

      Kim-Mai Cutler added,

      nancy pelosi's endorsements guy 🌹 @uhshanti
      b/c I've seen people who work in development advocacy making way more than me botch this at public comment: this percentage is of an eight-year goal. assuming this includes 2015 and 2022, we are four years in at the end of 2018. so 50% means "on pace". thank u for ur attention pic.twitter.com/urXuifAUSn
      Show this thread
      7 replies 3 retweets 41 likes
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    2. Kim-Mai Cutler‏Verified account @kimmaicutler 12 Apr 2019
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      ... 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.

      4 replies 0 retweets 19 likes
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    3. Kim-Mai Cutler‏Verified account @kimmaicutler 12 Apr 2019
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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.

      4 replies 0 retweets 11 likes
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      Kim-Mai Cutler‏Verified account @kimmaicutler 12 Apr 2019
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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....

      1:10 PM - 12 Apr 2019
      • 5 Likes
      • CONSUL Ins R. Travis Atkins Mike Chowla David Yīng 应嘉惟 supports Prop 15 Vote Yes on California Prop 15
      1 reply 0 retweets 5 likes
        1. Mark Hogan‏ @markasaurus 12 Apr 2019
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          Replying to @kimmaicutler

          Your numbers sound about right. Construction starts at around $500/SF just in hard costs right now.

          0 replies 1 retweet 2 likes
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        2. Mark Hogan‏ @markasaurus 12 Apr 2019
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          Replying to @ShaneDPhillips @kimmaicutler

          You would actually have to have developers that would want to build that much market rate, but given how much is entitled and not built today, that does not sound likely to work

          0 replies 0 retweets 0 likes
        3. End of conversation

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