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kimmaicutler's profile
Kim-Mai Cutler
Kim-Mai Cutler
Kim-Mai Cutler
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@kimmaicutler

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Kim-Mai CutlerVerified account

@kimmaicutler

Partner at @initialized. Previously @techcrunch. When life hands me lemons, I make tarte au citron.

San Francisco
medium.com/initialized-ca…
Joined April 2008

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    1. Sasha Aickin‏ @xander76 18 Jan 2018
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      Replying to @kimmaicutler

      While I would support 100M/yr for affordable housing, the proposal strikes me as indicative of how far we are in denial about the scope of the problem. At current costs, this would make ~140 units/year, at a time when we need tens of thousands.

      2 replies 0 retweets 3 likes
    2. Hunter Owens‏ @hunter_owens 18 Jan 2018
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      Replying to @xander76 @kimmaicutler

      CA HCD reports that unit costs in Bay area are 400K per unit http://www.hcd.ca.gov/policy-research/plans-reports/docs/FinalAffordableHousingCostStudyReport-with-coverv2.pdf … Some analysis of last years package suggests that major impacts to come from policy changes rather than new programmatic moves https://github.com/policyclub/housing-analysis …

      1 reply 0 retweets 2 likes
    3. Sasha Aickin‏ @xander76 18 Jan 2018
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      Replying to @hunter_owens @kimmaicutler

      Thanks for this. I was basing my estimate of 700-900K on recent affordable developments in SF. Two thoughts: 1) that study *seems* to be excluding land cost from that cost estimate; I was including. 2) study period ended in 2011, and land costs have gone way up since then.

      2 replies 0 retweets 1 like
    4. Sasha Aickin‏ @xander76 18 Jan 2018
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      Replying to @xander76 @hunter_owens @kimmaicutler

      That being said, my estimate was very back-of-the-envelope based on a small sample of recent SF developments.

      1 reply 0 retweets 0 likes
    5. Hunter Owens‏ @hunter_owens 18 Jan 2018
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      Replying to @xander76 @kimmaicutler

      Also, SF >> Bay Area

      2 replies 0 retweets 1 like
    6. Sasha Aickin‏ @xander76 18 Jan 2018
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      Replying to @hunter_owens @kimmaicutler

      Yes although there is a graph in that study that pegs it at 406K/unit for SF county proper, excluding land, from 2001-2011. I find that believable, and consistent with 700-900K all-in costs with land today.

      1 reply 0 retweets 1 like
    7. Hunter Owens‏ @hunter_owens 18 Jan 2018
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      Replying to @xander76 @kimmaicutler

      Ah, that makes sense-- Those numbers all make sense. End of LIHTC is gonna kill this stuff too

      1 reply 0 retweets 0 likes
    8. Hunter Owens‏ @hunter_owens 18 Jan 2018
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      Replying to @hunter_owens @xander76 @kimmaicutler

      IMO, Would be better to have a general rent subsidy policy for % of AMI with gradually weaning until at 20% of AMI

      1 reply 0 retweets 0 likes
    9. Kim-Mai Cutler‏Verified account @kimmaicutler 18 Jan 2018
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      Replying to @hunter_owens @xander76

      I mean people at the median AMI like what is that 80-90K probably have a hard time w 3400 1BR rents...

      1 reply 0 retweets 0 likes
    10. Hunter Owens‏ @hunter_owens 18 Jan 2018
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      Replying to @kimmaicutler @xander76

      exactly- given the prior that the US has a market housing system, high demand areas can't subsidize everybody who needs it (which your ^ do) without massive change in housing policy

      1 reply 0 retweets 1 like
      Kim-Mai Cutler‏Verified account @kimmaicutler 18 Jan 2018
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      Replying to @hunter_owens @xander76

      They’re prob there bc of either rent control or just having bought a long time ago.

      11:46 AM - 18 Jan 2018
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        1. Hunter Owens‏ @hunter_owens 18 Jan 2018
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          Replying to @kimmaicutler @xander76

          which produces political bias and challenges.

          0 replies 0 retweets 0 likes
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