.@sfbos and @LondonBreed’s office current arguing over whether to make substantial changes to housing approval process to get more affordable units for less money. Supes want to keep the old, unpredictable, more expensive process, of course.https://twitter.com/_fruchtose/status/1149370662886109184 …
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Kim-Mai Cutler Retweeted Kim-Mai Cutler
Again, SF’s planning department reviews more projects than any other major city in the US, and five times as many projects as New York City, because discretionary review is embedded in the charter.https://twitter.com/kimmaicutler/status/1148317151570251776?s=21 …
Kim-Mai Cutler added,
Kim-Mai CutlerVerified account @kimmaicutlerAs a result of this unique process, SF's planning department reviews *FIVE* times as many projects as New York's planning department does every single year, according to the SF planning department head: https://www.planetizen.com/node/81148/crises-and-innovation-converge-san-francisco-planning-director-john-rahaims-watch … pic.twitter.com/uGhQvqLM5qShow this thread2 replies 8 retweets 55 likesShow this thread -
Kim-Mai Cutler Retweeted Robert Fruchtman
It costs the city and taxpayers more to build middle-income housing than it does to build low- and very-low-income housing.https://twitter.com/_fruchtose/status/1149372720200572928?s=21 …
Kim-Mai Cutler added,
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Now Aaron Peskin is defending SF's housing process, saying how great it is, and is citing MEDA, which originally opposed
@scott_wiener's SB35 and then used it.... to bypass SF's process!
https://www.sfchronicle.com/politics/article/Mission-housing-project-invokes-law-to-exchange-12815332.php …5 replies 0 retweets 58 likesShow this thread -
Kim-Mai Cutler Retweeted Sam Moss
.
@SandraLeeFewer, the supervisor who represents the Richmond District, said that real San Franciscans don't earn more than $60K a year.https://twitter.com/sammymoss425/status/1149379380780490752 …Kim-Mai Cutler added,
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It turns out that she just sold one of the at least three houses that she owns in SF. Bought for $440K, listed for $1.8M. Now in contingency. Someone making $60K a year could definitely not afford the mortgage implied by that price.https://www.redfin.com/CA/San-Francisco/273-Dolores-St-94103/home/955138 …
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I hope she sold it to a non-profit, because otherwise that would be wholly inconsistent with the legislation she just passed. She also spent the morning lecturing the mayor's office on regulating human greed.http://www.sfweekly.com/news/city-grants-nonprofits-first-priority-in-building-sales/ …
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Her legislation only applies to building with 3 or more units, so she probably has it in contract with a private buyer at a price/mortgage that implies the next set of tenants has to be substantially wealthier than the current set. https://sfmohcd.org/sites/default/files/Documents/MOH/COPA/Final%20COPA%20FAQs%20for%20Posting.pdf …
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Replying to @kimmaicutler
It's a two-unit building, so this is probably a landlord-to-landlord sale, right? With a decent chance the new buyer OMIs or Ellises one of the units?
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If I were an elected public official, I wouldn’t be so dumb to sell to an Ellis landlord. Maybe they’ll OMI though.
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Replying to @kimmaicutler
True enough, but short of getting a formal contractual restriction executed, hard for a seller to guarantee what the buyer is going to do after closing.
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