Town Square

Post a New Topic

Measure A backers hope to put dent in affordable-housing crisis

Original post made on Oct 17, 2016

What some officials say is the most significant measure in Santa Clara County history to help low- and moderate-income residents find affordable housing will come before voters on Nov. 8.

Read the full story here Web Link posted Monday, October 17, 2016, 10:31 AM

Comments (4)

Posted by Mark Hinkle
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


Posted by Question
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?


Posted by Martin Omander
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.


Posted by Not really
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.


Don't miss out on the discussion!
Sign up to be notified of new comments on this topic.

Email:


Post a comment

On Wednesday, we'll be launching a new website. To prepare and make sure all our content is available on the new platform, commenting on stories and in TownSquare has been disabled. When the new site is online, past comments will be available to be seen and we'll reinstate the ability to comment. We appreciate your patience while we make this transition..

Stay informed.

Get the day's top headlines from Mountain View Online sent to your inbox in the Express newsletter.