By Steve Levy
Would You Support a Housing Bond in Palo AltoUploaded: Jun 8, 2018
On Tuesday the residents of Emeryville passed a $50 million dollar housing bond meaning that more than 2/3 of voters supported the bond.
The details I could find are general in terms of how the money would be spent. Here is the link to the city website describing the bond.link. Property owners will pay about $50 per $100,000 AV for the bond. Emeryville joins a growing number of Bay Area communities supporting housing bonds.
There seems to be a lot of support in Palo Alto for funding housing for low-income residents. I am interested in hearing whether that support translates into each of us putting some of our money into the pot along with commercial property owners through a housing bond.
I would support such an effort and am interested in working on a bond committee if asked.