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Council Member Brewer expresses concerns about non-profits and her stance on the bill

0:50:35

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54 sec

Council Member Gale A. Brewer concludes the discussion by expressing her concerns about the bill's impact on non-profit developers and her overall stance on the proposed legislation.

Brewer highlights that for-profit developers with market-rate units have more financial flexibility to absorb the costs associated with the bill.
She expresses specific concern for non-profit developers who build 100% affordable housing projects.
Brewer reveals that she hasn't signed on to support the bill due to her concerns about its impact on non-profit developers, while still wanting other developers to comply with the proposed requirements.

Gale A. Brewer

0:50:35

I don't know.

0:50:35

But when it's a 20% MIH, the developer has the market to carry some of this.

0:50:40

So when it's a 100% nonprofit, there isn't that delta.

Ahmed Tigani

0:50:44

If it's a So Yes.

0:50:46

Sorry.

0:50:46

Goes to 20% NIH and, again, the

Gale A. Brewer

0:50:49

Oh, whatever.

0:50:49

You know?

Ahmed Tigani

0:50:50

Yeah.

0:50:50

No.

0:50:50

No.

0:50:50

No.

0:50:50

No.

0:50:51

Of course.

0:50:51

Whatever the the the plays between market and affordable.

0:50:55

Part of it is not only the split in the market income versus the income, restricted income.

0:51:00

It's also the geography that commands certain market rent.

0:51:03

So that's part of what goes into the operating costs.

0:51:07

That figure out whether or not you can make certain construction costs and then later permitting costs like building service workers work.

0:51:15

And so that is the other part of the equation where

Gale A. Brewer

0:51:18

Okay.

0:51:19

I mean, I guess my feeling would be This is me.

0:51:21

That's why I haven't signed on.

0:51:22

I am concerned about the nonprofits, but I want everybody else to pay.

0:51:27

That's just me.

0:51:28

Thank you.

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HPD representatives clarify the bill's impact on affordable housing projects and HPD's budget

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Council Member De La Rosa addresses the tension between affordable housing and worker wages