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kimmaicutler's profile
Kim-Mai Cutler
Kim-Mai Cutler
Kim-Mai Cutler
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@kimmaicutler

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Kim-Mai CutlerVerified account

@kimmaicutler

Partner at @initialized. Previously @techcrunch. When life hands me lemons, I make tarte au citron.

San Francisco
medium.com/initialized-ca…
Joined April 2008

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    1. Kim-Mai Cutler‏Verified account @kimmaicutler 8 Jul 2019
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      Replying to @kimmaicutler @AlisonB916

      but if they miss the first tranche of bond money, they'll probably have to wait another 2 years for the next tranche of bond money. There's a lot of dependencies built into the stack when you have 6 or 7 funding sources.

      3 replies 0 retweets 5 likes
    2. lacuna matata‏ @upwithppl 8 Jul 2019
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      Replying to @kimmaicutler @AlisonB916

      yes. i mean, i'm in the field, i know. but i wasn't aware that the appeal process was in the charter, not just the ordinance code

      1 reply 0 retweets 0 likes
    3.  🌹 🥖 😈Yes on C 21 15 16 No on A 22‏ @AlisonB916 8 Jul 2019
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      Replying to @upwithppl @kimmaicutler

      Getting it out of the Charter makes sense, but putting something equally arbitrary in makes no sense. It should be administrative.

      1 reply 0 retweets 2 likes
    4. lacuna matata‏ @upwithppl 8 Jul 2019
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      Replying to @AlisonB916 @kimmaicutler

      i mean, almost every jurisdiction has *some* purely ministerial approvals for projects that comply with zoning regulations

      1 reply 0 retweets 0 likes
    5. lacuna matata‏ @upwithppl 8 Jul 2019
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      Replying to @upwithppl @AlisonB916 @kimmaicutler

      no reason SF should not be the same

      1 reply 0 retweets 2 likes
    6. lacuna matata‏ @upwithppl 8 Jul 2019
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      Replying to @upwithppl @AlisonB916 @kimmaicutler

      although tbf I'm not sure how SB 35 doesn't end-run a bunch of this, process-wise (?)

      1 reply 0 retweets 0 likes
    7. nancy pelosi's endorsements guy 🌹‏ @uhshanti 8 Jul 2019
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      Replying to @upwithppl @AlisonB916 @kimmaicutler

      it does end-run quite a bit of it

      1 reply 0 retweets 1 like
    8. Kim-Mai Cutler‏Verified account @kimmaicutler 8 Jul 2019
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      Replying to @uhshanti @AlisonB916

      Not for the income range that city workers, including teachers, covers. Middle-income is also the most expensive kind of housing for the city to subsidize because state & federal tax credit programs don't offer support for it.

      1 reply 0 retweets 0 likes
    9. Kim-Mai Cutler‏Verified account @kimmaicutler 8 Jul 2019
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      Replying to @kimmaicutler @uhshanti @AlisonB916

      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

      1 reply 0 retweets 0 likes
    10. lacuna matata‏ @upwithppl 8 Jul 2019
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      Replying to @kimmaicutler @uhshanti @AlisonB916

      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

      1 reply 0 retweets 1 like
      Kim-Mai Cutler‏Verified account @kimmaicutler 8 Jul 2019
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      Replying to @upwithppl @uhshanti @AlisonB916

      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.

      1:41 PM - 8 Jul 2019
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        2. lacuna matata‏ @upwithppl 8 Jul 2019
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          Replying to @kimmaicutler @uhshanti @AlisonB916

          SF is the city we're talking about? & yes, while the income categories are very low & low, the required % of a project is fairly small. not that that's an argument against removing other projects from appeals, but lot of ppl are worried more about deeper subsidy projects

          1 reply 0 retweets 0 likes
        3. lacuna matata‏ @upwithppl 8 Jul 2019
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          Replying to @upwithppl @kimmaicutler and

          and certainly an argument that delays are going to kill your tax credit eligibility is entirely at odds with an argument about "but the missing middle!" you're not getting LIHTC unless you have deep subsidy, period

          1 reply 0 retweets 1 like
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