How to beat the NIMBYs without handing over cities to developers http://dlvr.it/QQ9kPx pic.twitter.com/vwq1Br22XH
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this report won't load for me, but this appears to assume that only poor people paying token rents are occupying the units
In SF given construction & land costs, the financing gap is about $360K per unit for the median household income of $81K. Ok so you are proposing convincing Californians taxpayers to subsidize other non-low income people at $300K/unit. Good luck!
Our budget is also very volatile *because* our taxation structure is so progressive and dependent on capital gains revenue. We only spend like $1B a year on low-income housing. http://www.lao.ca.gov/Publications/Report/3345 …pic.twitter.com/3ujCgB0Kuh
It was YIMBY friendly @DavidChiu who strong-armed the Marin assemblymember into passion SB2 last year so we could have $200-300M more in immediate affordable housing revenue. All the tenant groups who opposed SB827 were AWOL bc they don’t actually GAF outside RC.
Low-income (50%) and Very-low income (80%) are defined as a percentage of Area Median Income that, yes, changes for each statistical "area" in the US. The San Francisco "area" includes Marin and San Mateo counties, which increases the median income level for SF projects.
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