LA met its market rate housing goal in 2016 but won't hit its low income goal 'til 2040. This project would add 200 units, only 10 affordable. That ratio should be flipped. How can anyone scoff at demanding more, including a radically different way to finance affordable housing?https://twitter.com/DavidZahniser/status/1162089967645941760 …
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that said split roll in and of itself doesn't solve the housing crisis and it may aggravate things in the medium term because it will make it even *more* attractive for CA cities to build office and not housing.
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Right, it's a revenue play -- it only impacts housing insofar as the resulting $ get ploughed back into affordable housing. But a success would almost certainly prompt serious campaigns to whittle away at the other parts of prop 13, no?
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