“I got 20% affordable. That was the highest in the city” Supervisor Vallie Brown
That is false, @JaneKim got up to 40% affordable in developments like in Mission Rock.
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Who besides literally everyone could tell
@JaneKim plan was designed to tank most new construction -
Ah yes, Jane Kim, notorious for being against construction which is why she *checks notes* oversaw the highest production of housing in the City.
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It’s concerning to me because the public begins to believe that level of IZ is economically feasible in most projects.
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Look, the Progs say it’s 40% so it’s 40-friggin-%. Don’t worry about all the public subsidy and the developer paying little to no infrastructure impact fees and the AMI levels going up to 120%, that’s not the point.
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Then Supervisor Weiner called this out repeatedly, but no one really cared and one more time big money ruled the day...
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