You can build a very nice, new mobile home for 100k. Divide 950 million
by 100k. That is a plethora of new homes. Put them all on the outskirts of Gilroy, where the available land is.

That's 9500 high quality, state of the art family homes. All where there is lots of open land. No one complains about their neighborhood getting messed up. And beggars can't be choosers. 9500 times 4 family members equals housing for 38000 people.

Sorry @Idea, Gilroy just passed an Urban Growth Boundary so there will be no new development on the "outskirts" (actually, fertile farming land that produces far more value than a new subdivision). I'd like to see a majority of these low income developments smack dab in the middle of Palo Alto, Mountain View, and Cupertino - communities that have received a far greater share of the tech boom benefits without pulling their weight to address this region's challenges. It's about time they step up to the plate or the State/Region/County will start deciding for them.

Let's say it cost 1 million dollars to build 1 house in Mountain View, for example. That means you could only build 950 homes instead of 9500. The numbers don't add up if you are really trying to help people.

Assuming that all of the $950M from the bonds goes toward constructing the 4200 housing units, and that none of it is consumed by the bureaucracy running the program, that leaves less than $227k per unit. That's enough for a mobile home in Mountain View, but less than half of what a 1-bedroom condo in Mountain View costs.

Construction costs are not the driving factor for housing costs in the Bay Area. If they build densely, the per-unit cost will end up far below that of a single-family home. On top of that, the future marginal cost for housing will be lower, since we'll have lessened the gap between housing supply and demand.