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Showing posts with label 1500 Park Avenue. Show all posts
Showing posts with label 1500 Park Avenue. Show all posts

Thursday, May 24, 2018

Blogger Rob Arias Objects to City Housing Bond

Community Blogger Who Objects to City Housing Bond Bought Affordable Unit 
in 2003 

Emeryville’s Most Vocal Opponent of Measure C Took Advantage of City Program to Buy Swanky Condo 
at 40% Off 

1500 Park Avenue
Luxury lofts for the well heeled
...and Rob Arias.
by Lillian Tracy Schroth and Brian Donahue

Emeryville blogger Rob Arias taps out tweets protesting the city's affordable housing bond from his upscale loft in one of the city’s most fashionable buildings.  With it's soaring ceilings, giant windows and large shared roof deck, it’s the kind of place low- and middle-income people only dream about.  Including Rob Arias. 

But unlike many aspiring homeowners in the Bay Area, Rob got lucky.  He was able to realize his dream thanks to the city of Emeryville, which required the developer of 1500 Park Avenue to include affordable units.  That's right.   Rob Arias lives in the kind of moderate-income housing he now thinks is a bad idea ... for everyone else.

Mr Arias, a self-proclaimed community booster and family man, has been working hard for the past few weeks to crush support for the city’s proposed housing bond, designed to help families just like his afford to own a home in Emeryville.  According to Mr Arias, the cost – at least to his family – is too much.

But the cost to many other families who struggle with skyrocketing rents and home prices edging toward $1 million is much higher.  They live in cramped apartments, work multiple jobs, and are eventually forced to move away or become homeless.  According to the City of Emeryville, $83,000 in annual income is needed to rent a one-room apartment in town.

"Measure C will give us tools to prevent the displacement of vulnerable people, including seniors and young families, already living in the community," said former mayor and current City Council Member Dianne Martinez.


In a series of tweets and blog posts, Mr Arias erroneously argues that Measure C, an affordable housing bond on the June 5 ballot, costs too much and does too little.  He says that the measure will cost each resident $4,284.  He bases his estimate on an assessed home value of $300,000 even though the value of most properties in the city is well below that.  Under Prop 13, the assessed value of all property in California is fixed at the time of purchase.  More than half of the residents purchased their homes in Emeryville for less than $300,000.

In addition, the $50 million of bond funding will generate as much as $500 million in matching state and federal grants and funds.  The money will be used to build affordable housing on City owned land as well as provide low-interest loans to first time homebuyers.

Emeryville Mayor John Bauters, an affordable housing expert and champion of the measure, said the funds raised would be used primarily for those already living in the city.  He said residents would provide about 35 percent of the funds and businesses the remainder.  He emphasized that the tax increase paid by homeowners would be based on assessed value of property, not market value.  Mr Bauters declined to be interviewed for this story.

Measure C is unanimously supported by the Emeryville City Council and has been endorsed by the Alameda County Democratic Party, and the East Bay Express , which lauded the City for its ambitious effort to increase affordable housing:

"… No other jurisdiction in the East Bay has gone all out like this to raise money for affordable housing and anti-displacement programs. Measure C bonds will be paid back over 30 years through a 4.9 cents per $100 of assessed value property tax, meaning that the tax is relatively progressive and shouldn't be an undue burden on the average Emeryville resident".

In 2003, Mr Arias applied for and got, a Below Market Rate (BMR) condominium at 1500 Park Avenue, a six-story warehouse conversion by award winning San Francisco architect David Baker.  The price break given to Rob, who lives there with his wife and young child, was substantial, amounting to about $180,000 based on the price of a comparable unit sold in the building that same year.

Mr Arias has consistently taken a stand against reform that helps the less fortunate, railing against an increase in the minimum wage and fair work practices for retail workers, and proposing that a homeless encampment under the 40th Street bridge be replaced with a dog park.