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https://almanacnews.com/blogs/p/print/2018/06/08/would-you-support-a-housing-bond-in-palo-alto


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By Steve Levy

Would You Support a Housing Bond in Palo Alto

Uploaded: 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.

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