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by closeparen
2719 days ago
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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. |
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