Seems like a decent example of the problem in relying on for-profit developers to fix an affordable housing crisis?https://twitter.com/berkeleyside/status/1212825255544098816 …
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Even if you take the developer's word, that Berkeley believes "projects are a never ending piggy bank they can continue to raid," making the process onerous & costly... it's still a private entity making a cost/benefit analysis? Don't see how that's gonna get us out of anything.
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Replying to @RickPaulas
SF only chose to raise the size of its affordable housing bond to $600M when it calculated that it wouldn’t be effectively raising taxes on property owners because... property values had risen so much that they could generate more from newly re-assessed properties. 
11:14 AM - 4 Jan 2020
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