SF added so many taxes and fees to construction of new housing (largely in 2016) that developers just went to Oakland instead.https://www.sfchronicle.com/bayarea/article/Oakland-dominates-SF-in-housing-production-14295592.php …
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Oakland also plans for better jobs-housing balance in its long-term planning than SF. Their downtown plan? 55K jobs & 29K housing units. https://cao-94612.s3.amazonaws.com/documents/DOSP-Preliminary-Draft-Plan_011619_rev_reduced.pdf … SF’s Central SOMA plan? 32,000 jobs, 8,800 housing units. http://default.sfplanning.org/Citywide/central_soma_plan/central_soma_Citywide_Priority_Project.pdf …
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Kim-Mai Cutler Retweeted David Garcia
Oh, a fee study from
@TernerHousing out today. CA undertaxes existing housing and over time property taxes don’t keep up with the cost of operating public systems, so instead we just tax the very small amount of new housing we build to compensate for that.https://twitter.com/davidgarcia209/status/1161052314968502272?s=21 …Kim-Mai Cutler added,
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Kim-Mai Cutler Retweeted Mark Hogan
Kim-Mai Cutler added,
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