IIRC, the “40%” was affordable units divided by market rate, correct? Not affordable divided by total units? Supervisor Kim has absolutely increased the BMR count in many projects but I think the “40%” argument is inaccurate.https://sf.curbed.com/2016/2/3/10942390/inside-the-fuzzy-math-of-40-percent-affordable-housing …
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And btw, the main investor/LP in that real estate developer pictured in that story is
@CalPERS, so if they have a lower rate of return, it damages returns that fund California public sector workers’ retirements. -
Calpers divested billions from fossil fuel corporations they can adjust to changing market conditions in real estate.
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Jane Kim has already demonstrated that you can deliver housing with affordability and compassion. As mayor she will deliver more
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Um, the planning director of SF literally said that her policy, which sounded good and compassionate on paper, is actually reducing housing proposals in the city. https://www.bizjournals.com/sanfrancisco/news/2017/07/10/sf-planning-chief-development-boom-housing-crisis.html …pic.twitter.com/TKBK0ffKmq
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