Editor,
Regarding the story, “New housing at train station” in the Sept. 6 edition of the Daily Journal, I think it’s preposterous that out of 191 planned units only 16 units will be for very low income people. This will do very little for the people who really need housing.
Of all the recent units built, both at Bay Meadows race track and the former Kmart property all of the rents are in the $3,000 area. I don’t understand how you ever expect to get people housed with so few going to low income people. I assume this is the minimal number that the state requires. Why can’t the city insist on more units for low income?
Pat Hunter
San Mateo
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(1) comment
Pat, I’d posit that developers have done the math and have made the decision that low income units are not profitable, resulting in existing “best offers” to the city that don’t include many low-income units. How can we change that? Reduce the cost of developing by slashing the potentially hundreds of thousands, if not millions, of dollars in added costs that have been tacked on by local, city, and state “authorities.” We all know the majority, if not all, of costs will be passed onto the buyer, indirectly reducing the number of low income housing units.
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