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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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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Cautious of the “revenue play” characterization in light of fundamental fairness motive, but yeah. Curious, how does it incent office dev in the mid-term? Most criticism characterizes it as a threat to industry growth, but maybe I’m missing the galaxy brain implications.
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