SF can start by doubling its current %'s of Inclusionary Housing, mandating the set aside for all mkt rate development from 10-12% on site & 15-17% off site, to at least 25% on site. in SF, rent control is the only guardian of affordable housing, while it is broken you could never just do away with it.
i don't buy the argument construction will cease if you force developer's to build more affordable housing. the fees developers currently pay in SF are pithy and allows them to very cheaply buy their way out of providing the needed affordable housing in this city.
the requirements of new affordable housing needed in SF are never met, while mkt rate far exceeds year after year. simply building more housing at any level is not the answer, this city is small and quickly becoming a total groundlfoor for millionaires around the world. more market rate housing here means just that, not a diluted market that benefits all housing levels.
pressure needs to be put on the feds to invest in more affordable housing, their disinvestment is killing municipalities and allows dev's to build whatever is most profitable w/out responsibility.
developers have the money and we need to figure new ways of balancing incentive for them with requiring them to build more affordable housing. if that stymies dev profit for awhile so be it, they have been making a killing for decades now.
and explore community land trusts, limited equity models, etc.
Jul 14, 05 5:59 pm ·
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SF can start by doubling its current %'s of Inclusionary Housing, mandating the set aside for all mkt rate development from 10-12% on site & 15-17% off site, to at least 25% on site. in SF, rent control is the only guardian of affordable housing, while it is broken you could never just do away with it.
i don't buy the argument construction will cease if you force developer's to build more affordable housing. the fees developers currently pay in SF are pithy and allows them to very cheaply buy their way out of providing the needed affordable housing in this city.
the requirements of new affordable housing needed in SF are never met, while mkt rate far exceeds year after year. simply building more housing at any level is not the answer, this city is small and quickly becoming a total groundlfoor for millionaires around the world. more market rate housing here means just that, not a diluted market that benefits all housing levels.
pressure needs to be put on the feds to invest in more affordable housing, their disinvestment is killing municipalities and allows dev's to build whatever is most profitable w/out responsibility.
developers have the money and we need to figure new ways of balancing incentive for them with requiring them to build more affordable housing. if that stymies dev profit for awhile so be it, they have been making a killing for decades now.
and explore community land trusts, limited equity models, etc.
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