“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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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
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It is very frustrating how people don’t seem to understand you can’t build large amounts of affordable housing without building large amounts of market rate housing.
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