that's what i was wondering. which is also insane
Er, sorry, “middle income.” Like $500K/unit local funding gap. You could burn through the entire $600M affordable housing bond in like a project or few.pic.twitter.com/T2cqxPrwaP
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i'm not an expert, but afaik projects don't need to be 100% affordable to qualify for SB 35. I know you have a preference for a lot of so-called middle income, but mixed-income projects can qualify for SB 35 streamlining
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depends on the city and how far behind they are in RHNA and that percentage is just for low/very low AMI, again the same demographic that state/federal $$ (inadequately) cover.
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