“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 …
-
-
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.)
-
See example subsidy structure for Balboa, which is already city-owned land. If you don’t have any market rate component, you burn through ~half the proposed $600M affordable housing bond in one project. SF has only passed $410M in affordable housing bond $ in its *entire history*pic.twitter.com/iOM37eoLjV
- 2 more replies
New conversation -
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.