@kimmaicutler my question: if raising funds for affordable housing, will the corresponding affordable housing units actually get built?
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@ericmbudd that's a tough one, since part of the funds are used for rehabilitation, or downpayment support, etc.
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@kimmaicutler so these are the taxes needed to construct a single unit of housing? Wow -
@tolles 1/5th of them per market-rate unit. That's the cost in total to do an in-lieu.
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@kimmaicutler does anyone think developers would sell for less than market rate if there were no BMR requirements/fees? -
@noahsloss affordable housing.
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@kimmaicutler Reasonable level if the goal is to push developers to build on-site affordable instead of paying the fee. -
@DarwinBondGraha or reform Prop 13. Extract from rising land values through a transfer tax....
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@kimmaicutler Combination of Prop 13 and housing restrictions is huge generational wealth transfer. -
@DanKeshet yes, just.... taxing new housing construction, while everyone's land values go up and up for free.... - 1 more reply
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