“There was a proposal to build affordable housing for teachers, but the community didn’t want that. There was another proposal for housing at an empty mall, but the community didn’t want that either.” CA’s failure to build housing screws the middle class.https://www.nytimes.com/2019/07/05/opinion/middle-class-families.html?smid=nytcore-ios-share …
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But more seriously, Scott’s legislation exempted parcels with tenants in the last seven years, RC units, low-income census tracts. It also would’ve imposed a base inclusionary rate on the state, most of which has none.
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Also your 50% rate doesn’t pencil for pretty much most everywhere *unless* its city-owned land and maybe there’s an additional cross subsidy from some other non-housing component like office (which by the way adds to the jobs-housing imbalance.)
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