Comments on: Mayor Breed is sabotaging her own $300M affordable-housing bond https://missionlocal.org/2024/02/mayor-london-breed-is-sabotaging-her-own-300m-affordable-housing-bond/ Local news for a global city Tue, 20 Feb 2024 18:53:39 +0000 hourly 1 By: Greeny https://missionlocal.org/2024/02/mayor-london-breed-is-sabotaging-her-own-300m-affordable-housing-bond/#comment-1005338 Tue, 20 Feb 2024 17:57:09 +0000 https://missionlocal.org/?p=584614#comment-1005338

In reply to Greeny.

A perfect example of this (turning a blind eye to the suffering of SF’s vulnerable in order to make an individual supervisor look bad) occurred at a recent Question Time at the Board of Supervisors. Since 2018 when Breed became mayor, the elevators in the city’s SROs have needed repairs. Currently elderly and disabled people are literally trapped in their rooms because they cannot navigate 6 and 8 flights of stairs. With the recent notoriously sketchy redistricting (really gerrymandering) process, some of the most challenging areas of the Tenderloin were “gifted” to Preston. Coincidence? Accident? Preston could ask for the exact same things Breed gifts to other supervisors and she would still refuse him. The elevators are a fairly easy fix to do with quality of life, mobility and human decency that has worsened on Breed’s watch. Breed says she is committed to making the repairs and that the money is set aside. Preston asked for a date when the funds will be released and the repair work can be done. Breed would not say. By punishing powerless people, the very people Breed claims to care about most in order to damage a colleague, an elected office holder, is despicable. Vote her out.

+1
0
votes. Sign in to vote
]]>
By: zrants https://missionlocal.org/2024/02/mayor-london-breed-is-sabotaging-her-own-300m-affordable-housing-bond/#comment-1005166 Tue, 20 Feb 2024 08:10:20 +0000 https://missionlocal.org/?p=584614#comment-1005166

In reply to Bad Mayor, No Donut.

We need a laugh button.

+1
0
votes. Sign in to vote
]]>
By: zrants https://missionlocal.org/2024/02/mayor-london-breed-is-sabotaging-her-own-300m-affordable-housing-bond/#comment-1005165 Tue, 20 Feb 2024 08:09:12 +0000 https://missionlocal.org/?p=584614#comment-1005165

Thanks Joe for another great interpretation on the political circus we are living in. The splits among the funders are pretty obvious. SF Bike Coalition is no longer running the show. Everybody but SFMTA has figured that out. SFMTA, for years the most hated department, has a lot of competition now from the Police, Health, Rec and Park, DBI, and countless homeless coordinators running the Mayor’s programs. How can so much money produce so little results? Somebody did the math and figured SF spent $125,000 per homeless person.

0
0
votes. Sign in to vote
]]>
By: SFrentier https://missionlocal.org/2024/02/mayor-london-breed-is-sabotaging-her-own-300m-affordable-housing-bond/#comment-1005009 Tue, 20 Feb 2024 00:00:11 +0000 https://missionlocal.org/?p=584614#comment-1005009

Why keep pushing these inane and expensive housing bonds? So the city can spend $800,000+ to build “affordable units”? Which can then be “managed” by incompetent non profits (looking at you MEDA, among others) who are in way over their heads. Last I heard they had dozens of finished units sitting empty due to management incompetence!

This is classic big-dumb-SF-money chasing way-out-of-their-league-affordable-housing-providers.

These mucho dinero housing bonds are a total balljack!

+1
-3
votes. Sign in to vote
]]>
By: Lana https://missionlocal.org/2024/02/mayor-london-breed-is-sabotaging-her-own-300m-affordable-housing-bond/#comment-1004998 Mon, 19 Feb 2024 23:48:51 +0000 https://missionlocal.org/?p=584614#comment-1004998

In reply to CSL3.

She did the same as Supervisor.

+2
0
votes. Sign in to vote
]]>
By: Greeny https://missionlocal.org/2024/02/mayor-london-breed-is-sabotaging-her-own-300m-affordable-housing-bond/#comment-1004995 Mon, 19 Feb 2024 23:27:40 +0000 https://missionlocal.org/?p=584614#comment-1004995

London Breed will go down in San Francisco’s history as the WORST MAYOR EVER. She is consistently mean. Transactional. Petty. Power tripping. Flatulent. Short sighted. Ungenerous. Myopic. Selfish. Divisive. San Franciscans are sick of Breed punishing our most vulnerable people in order to make other office holders and department heads look bad. She could have led, attempted better outcomes and collaborated with other electeds to enact solutions for this beautiful city. Instead, she used the immense powers of her office to power trip. Vote her out.

+3
0
votes. Sign in to vote
]]>
By: John https://missionlocal.org/2024/02/mayor-london-breed-is-sabotaging-her-own-300m-affordable-housing-bond/#comment-1004980 Mon, 19 Feb 2024 23:05:37 +0000 https://missionlocal.org/?p=584614#comment-1004980

Hopefully some new leadership will make the city safer and encourage massive development, like Miami …

0
-3
votes. Sign in to vote
]]>
By: FRED MIZZI https://missionlocal.org/2024/02/mayor-london-breed-is-sabotaging-her-own-300m-affordable-housing-bond/#comment-1004960 Mon, 19 Feb 2024 22:06:58 +0000 https://missionlocal.org/?p=584614#comment-1004960

I’m retired muni operator when ever a employee offers suggestions its shut down because supervision didn’t think of it I’ve watched san franciscans cry about foolish streets like mission where your forced to turn so you don’t cruz they killed business and have no idea how to draw people and business alike back to san franciscans only way out is vote this mayor out

+1
0
votes. Sign in to vote
]]>
By: Greg on 26 https://missionlocal.org/2024/02/mayor-london-breed-is-sabotaging-her-own-300m-affordable-housing-bond/#comment-1004936 Mon, 19 Feb 2024 21:09:37 +0000 https://missionlocal.org/?p=584614#comment-1004936

My issue with Prop A is that it’s just more of the same policies that have done nothing to really address the problem. $300 million to build 300-400 new units? No. Let’s get real and spend $500 million for a 5,000 bed shelter. No more camping. Everyone gets a shelter bed. Once that’s in place, then we can focus money on more permanent housing for folks.

+2
-1
votes. Sign in to vote
]]>
By: MTN https://missionlocal.org/2024/02/mayor-london-breed-is-sabotaging-her-own-300m-affordable-housing-bond/#comment-1004912 Mon, 19 Feb 2024 19:36:59 +0000 https://missionlocal.org/?p=584614#comment-1004912

The article asks about why support for the 2024 bond measure should be different from other similar props in 2015 and 2019. One factor might be that interest rates are much higher now. So even if the sum raised is no more, the cost of paying off those bonds over their life could be significantly higher.

That may not change the initial math, but it could make the project uneconomic over time, since the low rents charged may be inadequate to pay the running costs of both the bonds and the maintenance costs of the building. Isn’t that always the problem with affordable (i.e. subsidized) housing?

A related issue is whether the folks who buy these bonds are put off by SF’s “doom loop” publicity. If those institutions and investors are then they will demand a higher interest rate for the bonds. As will the underwriter who will get stuck with the bonds if they do not sell well.

+3
0
votes. Sign in to vote
]]>
By: marcos https://missionlocal.org/2024/02/mayor-london-breed-is-sabotaging-her-own-300m-affordable-housing-bond/#comment-1004871 Mon, 19 Feb 2024 17:05:55 +0000 https://missionlocal.org/?p=584614#comment-1004871

Should Prop A go down, D1 flip, and Farrell is elected mayor, then it is curtains for CCHO.

The cartel has outlived its usefulness to the dominant political class. The “soft and fuzzies” of affordable housing can’t bridge the chasm between the nonprofits and residents.

0
-1
votes. Sign in to vote
]]>
By: CSL3 https://missionlocal.org/2024/02/mayor-london-breed-is-sabotaging-her-own-300m-affordable-housing-bond/#comment-1004847 Mon, 19 Feb 2024 16:07:37 +0000 https://missionlocal.org/?p=584614#comment-1004847

Breed screws over the people of SF on behalf of corporate greed. Must be a day ending in “Y”.

+6
-1
votes. Sign in to vote
]]>
By: Bad Mayor, No Donut https://missionlocal.org/2024/02/mayor-london-breed-is-sabotaging-her-own-300m-affordable-housing-bond/#comment-1004833 Mon, 19 Feb 2024 15:10:18 +0000 https://missionlocal.org/?p=584614#comment-1004833

It’s Supervisor Preston’s fault that Breed is incompetent. At least that’s what she says. So do all of her groupies.

+3
0
votes. Sign in to vote
]]>