By Doug Porter
This morning’s UT-San Diego ran a front page fairy tale about a resolution of the dispute between affordable housing advocates and developers regarding so-called linkage fees on new building projects in the city. We’re told that a plan released by “San Diego’s housing officials and the business community” Wednesday would “double” commercial building fees dedicated to affordable housing.
Hogwash.
The real story here is that wealthy developers and their lobbyists have effectively torpedoed the very idea of linkage fees in favor of “broadening out” the search for funding sources–which means proposing to stick those of us who actually pay taxes with the tab. Given San Diego’s historic adversity to even incremental tax hikes, this means nothing will be done.
Oh, and, by the way, no advocates for affordable housing have signed on to this “grand plan.” [Read more…]
