I’m not suggesting it. Solving housing affordability with BMR requires provisioning a BMR unit for every struggling renter household, i.e. almost every renter household.
Prop C is self evidently not enough money to duplicate every rental apartment, or even half of them. You’re really unlikely to find that much tax revenue anywhere. But you’ll easily find that much private capital ready to build market rate projects with BMR set asides, if it’s allowed to.
This is a token effort, not a serious attempt to grapple with the problem. I’m happy for the handful of people who will be helped by it. But to the extent that it convinces others they are “on the right track” or “helping” it is doing more harm than good.
I think you're convincing no one by saying that it will be doing more harm than good. At this point anything would help the situation. SF is unlivable now.
It's yet another election cycle with the focus anywhere but the colors on this map [0], which are an explicit and unambiguous choice to have precisely the situation we have. This problem is not going to get fixed a few thousand units at at a time.
Prop C is self evidently not enough money to duplicate every rental apartment, or even half of them. You’re really unlikely to find that much tax revenue anywhere. But you’ll easily find that much private capital ready to build market rate projects with BMR set asides, if it’s allowed to.
This is a token effort, not a serious attempt to grapple with the problem. I’m happy for the handful of people who will be helped by it. But to the extent that it convinces others they are “on the right track” or “helping” it is doing more harm than good.