Read the full story here Web Link posted Monday, October 17, 2016, 10:31 AM
Town Square
Measure A backers hope to put dent in affordable-housing crisis
Original post made on Oct 17, 2016
Read the full story here Web Link posted Monday, October 17, 2016, 10:31 AM
Comments (4)
a resident of another community
on Oct 17, 2016 at 5:59 pm
Measure A says it's a $950M bond measure.
But, that's a lie. It is really a $950M bond measure with 25-30 years of repayment of the principle ($950M) plus 25-30 years of interest payments at an unknown cost.
The end cost will likely be close to double the stated amount of $950M.
What this is, if you look into where the money goes, is crony-capitalism with most of the funds going to developers, construction companies and the unions they employ.
Don't be fooled, vote no on Measure A.
Mark Hinkle, President: SVTA
a resident of Gemello
on Oct 19, 2016 at 1:19 pm
Has SVTA ever endorsed a bond measure? What does a good bond measure look like?
a resident of Rex Manor
on Oct 19, 2016 at 3:02 pm
Martin Omander is a registered user.
From the article: "The California Housing Partnership has found that 67,576 additional homes are needed for very-low-income and extremely-low income Santa Clara County renters."
From the article: "Measure A, a $950 million bond measure, would provide funding to acquire or improve an estimated 5,000 affordable-housing units"
Building 7% of the units needed at a cost of $1.9B doesn't seem like a good use of tax-payer dollars to me. If we were to scale this up, it would cost roughly $26B to build 100% of the units needed.
Instead of helping 7% of the people at great expense, I think it would be wiser to relax zoning and allow more apartments to be built. Increased supply will drive down prices for everyone.
a resident of Rex Manor
on Oct 21, 2016 at 11:57 am
I was planning to vote for this, but now with rent control on the table in Mountain View I think I'm just going to say no to everything. If everything ends up passing I think we could be in some trouble. I wish there was more alignment and better understanding of what really will help, then we focus on that solution. All these randomly proposed solutions are just conflicting and confusing.
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