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.

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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