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.

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

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Co-founder & CEO of PolicyEngine. Founder & president of the UBI Center. Economist. Alum of UC Berkeley & MIT. YIMBY. CCLer. Former Google data scientist.

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Max Ghenis

Max Ghenis

Co-founder & CEO of PolicyEngine. Founder & president of the UBI Center. Economist. Alum of UC Berkeley & MIT. YIMBY. CCLer. Former Google data scientist.