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It’s interesting that the contractor had to pay a $500k fee to Berkeley for an affordable housing trust. While I applaud the spirit of such a thing, it seems li
by TaylorAlexander 8y ago
It’s interesting that the contractor had to pay a $500k fee to Berkeley for an affordable housing trust. While I applaud the spirit of such a thing, it seems like the last thing you want to do in a housing crisis is make building more expensive. Perhaps if the contractor didn’t have to pay such a high fee just to build the place, they could offer better prices to the tenants.
Can anyone comment on the work done by that housing trust?
- supermdguy 8y agoThe article says it was given "in lieu of providing affordable units on site". So, sounds like it was a penalty of sorts?