.@emeyerson 2/ But if SF wanted to build 348 units targeted at low or moderate-income residents, it would cost ~$100M or more.
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@emeyerson 3/ That said, there are concerning issues about the way legal liability is designed into Prop. F. - 3 more replies
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@emeyerson but I'd say at least $300K to start if you can get LIHTC federally, but all the way up until $900K.
http://www.socketsite.com/archives/2015/07/citys-land-purchase-to-build-889k-affordable-apartments-approved.html …Thanks. Twitter will use this to make your timeline better. UndoUndo
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@emeyerson 1/ 348 units may not sound like a lot considering there are 380K total units in San Francisco.Thanks. Twitter will use this to make your timeline better. UndoUndo
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@emeyerson it's still kinda wrong. Ed Lee's 30,000 homes goal covers both new and *rehabilitated* housing.Thanks. Twitter will use this to make your timeline better. UndoUndo
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@emeyerson still think it's worth mentioning that ~350 units affordable units costs like $100M.Thanks. Twitter will use this to make your timeline better. UndoUndo
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@emeyerson ranges considerably, depending on the land costs, whether you can get federal tax credits for low-income housing. -
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@kimmaicutler@emeyerson it's way more complicated than that, Prop A money will leverage federal and private money
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@kimmaicutler Your mastery of this subject is awesome. Really thankful to be able to trust your angles. - End of conversation
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