Watching ABAG Executive Board President and Berkeley Mayor @JesseArreguin try to explain why our region's paltry housing target is actually sufficient was a sight to behold. I'd love to live in his world where most cities treat their RHNA allocation as a floor, not a ceiling.
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I've heard electeds in Palo Alto suggest we're building too much market-rate housing because we are on track to fulfill our above-market RNHA goals (which were MUCH lower than our actual need).
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Also it doesn't seem like it's OK that the only way Palo Alto hit the half-cycle goal for its above-moderate-income RHNA target was by counting everything market-rate as affordable only to those with above-moderate incomes. If it's true, it's not good.
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What are the odds that a newly constructed studio ADU in Palo Alto would rent for less than $2725.25 or a one bedroom for less than $3115.75 ? I'd expect a good bit of rental availability in Palo Alto at those prices, but not sure if any new construction would hit them.
Jun 26, 2020 · 1:17 AM UTC
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