Great, Another Fee For Ya

https://www.bizjournals.com/sanfrancisco/news/2017/07/07/california-real-estate-fee-fund-affordable-housing.html

How many affordable housing units do they plan to build with $300M? They’ll have to use union labor, so they’ll get maybe 300 units from it. It creates a headline that they are doing something about affordable housing, but 300 units is nothing when there’s 1.5M waiting for affordable housing… It’s using an eye dropper against a forest fire.

Turns out I wasn’t that far off. The Candlestick 100% affordable housing project cost $825K/unit.

Time for my Prefab plug???

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