This is a lie on multiple levels:

  1. 40% was the percent of market-rate units, not total, which is the actual definition of affordable. It ended up around 35% of total units.
  2. Many units were also available to renters making up to 150% of AMI, which isn’t considered “affordable” for rentals.
  3. It wasn’t “any new development” it was two developments.

https://sf.curbed.com/2016/2/3/10942390/inside-the-fuzzy-math-of-40-percent-affordable-housing

Written by

Economist. Founder and president of the UBI Center. Studied at MIT and UC Berkeley. YIMBY. Former Google data scientist.

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