…using, expanded affordable housing to include our middle-income residents and set a new standard of 40% affordability for any new development. I guarantee developers contribute their fair share to fund transit, parks and other vital city ser…
This is a lie on multiple levels:
- 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.
- Many units were also available to renters making up to 150% of AMI, which isn’t considered “affordable” for rentals.
- It wasn’t “any new development” it was two developments.