Aren’t our subsidy costs closer to something like $300K a unit in SF? This actually seems delightfully low. @sammymoss425 @DonaldFalkhttps://twitter.com/danbertolet/status/970807906693271552 …
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It didn’t seem high to me esp for a high cost city. But it does depend on the depth of subsidy (income level), length of affordability, and rehab vs NC mix.
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Replying to @DanImmergluck @kimmaicutler and
But yes this is just NYC money. But leveraging other money makes sense from city perspective.
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@lao_ca said we need $165,000 per unit at 2015 costs across California (not solely in the high land value areas) http://www.lao.ca.gov/Publications/Report/3345 …
7:36 PM - 5 Mar 2018
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