“Palo Alto has lost a lot of its mojo and it's increasingly becoming a wealthy retirement town. That's not the Palo Alto that raised me."https://twitter.com/paloaltoweekly/status/1291469003546738688 …
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Developers, no matter how large or small, simply refuse to build low-income housing with current regulations. Older under-developed properties zoned and ripe for higher density housing simply decay. Wealthy property owners continue to make that cash.
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They'll build 100% low-income if it's subsidized. Which is why it's a bad faith argument to push for 100% low-income projects, the NIMBYs pushing it know the subsidies will never materialize.
End of conversation
New conversation -
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801 Alma was completed in 2013. It took 7 years before it was approved in 2009 -- "slow-rolled." 50 units. Nice building, huge waiting list. Here's a 2009 article about it:https://www.paloaltoonline.com/news/2009/11/10/eden-housings-801-alma-st-project-approved-by-council …
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