There’s nothing that says or assumes that the “cross subsidization” approach with market rate will get more overall units. If these sites allow for 200 total units for example, we want them all to be for educators, including those that make 160% AMI, which cross subsidizes too.
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It costs a *lot* more per unit to subsidize a middle/moderate/teacher unit at the local level than it does for other types of units bc you can’t rely on state/federal programs to the same extent. http://default.sfplanning.org/plans-and-programs/planning-for-the-city/public-sites/balboareservoir_CAC_Presentation_MOHCD-031416_FINAL.pdf …pic.twitter.com/7Fu1JeNam7
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I wonder if
@Scott_Wiener would be interested in writing legislation that would create a state program to help fund teacher and public sector worker housing built by localities? Seems like a good cause and a statewide issue.
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Do these numbers scale? Namely, what happens with (A) when you shift "500" to "5,000"?
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Would love to see a report on that!
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Va chapter 7 rules require something less of 50% of the Veterans homeowners owner occupy and something less of 50% of the units may be rentals that we own, those can be a teacher or civil servant rentals but it is you who would owe us the subsidy
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