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Housing, Planning, & Development Committee <br /> 06-27-22 18:00 <br /> Agemd,a 114,,amme 114,e�traU <br /> Communication from Counci|mombonoRader&Shaohnorregarding 1 O O O <br /> affordable housing. (Referred toHPD 1O/4/ 1) <br /> Sentiments for All Agenda Items <br /> The following graphs display sentiments for comments that have location data. Only locations of users who have commented <br /> will beshown. <br /> Overall Sentiment <br /> Agemd,a Nemm: �ader& &!,�,ao,�merre��r��m� ���r���Ue �����m� <br /> ���`?,,eferredto ��� ������� <br /> Overall Sentiment <br /> m°n=p"="noCP, <br /> Jesse Boyd <br /> Location: <br /> Submitted At: 5:43pm00-27-22 <br /> "A flurry of studies over the past few years have consistently found that new market-rate development, even of the <br /> luxury variety, helps relieve pressure on |nco| housing prices in this vvoy. According to one 2019 study of low- <br /> income census tracts, the construction nfnew market-rate rentals resulted in rents for nearby buildings falling by <br /> 5 to 7 percent. Amnre recent 2021 study, by the economist Kate Pennington, looking exclusively at San <br /> Francisco, found a more modest drop of 2 percent, alongside evidence that new development reduces the <br /> displacement and eviction of existing residents. It might not change minds at a raucous public hearing, but the <br /> research is clear: Even new high-end development can help cool local housing prices." <br /> __ <br />