In District 6 alone, the gap in our pipeline for affordable housing pipeline is over $300m! In 2018 the city only produced 645 affordable housing units. Our goal was 2,200. Shameful! We need more investment to address our homelessness, affordability and displacement crises.
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I’m open to talking about the policy and looking at the data honestly. Ive been consistent about that. We need to build housing.
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I would look at this model and see if it's feasible in the U.S. Vancouver basically takes 75% of whatever the expected $$ increase in land value is when they upzone as a community contribution. But their approach means projects always pencil.https://twitter.com/kimmaicutler/status/1128480451604221958 …
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I might look at Vancouver's model where it's calculated as a percentage of how much the land value is expected to rise per project, so you get your percentage (whatever that may be) but the project always pencils. Ask
@BrentToderian about it. Think they aim for 75% of land lift.pic.twitter.com/Q9fjiPgAem
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