SF may more than double fees on office construction... which will not raise more money for affordable housing if it completely kills office constructionhttps://sf.curbed.com/2019/10/23/20928360/fees-offices-san-francisco-affordable-housing-haney-construction …
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It would likely be used for gap financing of affordable projects that are already in pipeline
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(So it would likely have a much bigger impact)
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That seems like a very high estimate re the jobs. Also office development is crazy procyclical anyway so I don’t think you can attribute those losses to a $20/SF fee. And yes, the procyclicality is a problem with funding housing like this for sure
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It's almost like property taxes should be higher or something
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Economic impact report is here: https://sfcontroller.org/sites/default/files/Documents/Economic%20Analysis/190548_Economic%20Impact_final.pdf … This is on our agenda on Monday.
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