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ginger_guy t1_j9ty1w0 wrote

Reply to comment by atreyal in 95% of Bay Area Cities Lost Zoning Authority: In 105 jurisdictions of the Bay Area, anyone can build any residential projected at any height or density so long as 20% of the units are for low income. by dolphins3

The real benefit of new housing in markets with high demand is that it keeps rich people from pricing middle class people out of their homes and middle class people from pricing working class and poor people out of their homes. Basically, it stops 'the great filtering' effect. So as silly as it seems, even 200 new luxury apartments can help keep low income residents from being displaced.

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atreyal t1_j9u78m8 wrote

Hopefully it is a boon and not another way for rich people to take advantage of something. Really needs to be large scale to have any effect on housing prices though.

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ginger_guy t1_j9uec7w wrote

I'm actually really glad they included the 20% low income requirement. The poverty rate in California is 12% so a 20% requirement (I know, its AMI, but still) is a great way to make sure lots of construction will happen without the negative side effect of hyper concentration of wealth.

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