When will we know who won the Berkeley’s City Council races? What does “100% reported” mean? And more ballot questions answered.
The reigning pro-tenant slate has raised a collective $50,000. Can independent candidates break through?
Berkeley leaders have embraced taller, denser development as a step to resolve the housing crisis. Some advocates see signs of a backlash brewing among voters.
Housing Trust Fund
The Housing Trust Fund is the money the city uses to build and support affordable housing projects in Berkeley. The money can be leveraged 4-to-1 to seek outside funding. Money generally comes into the fund when developers choose not to include affordable units within their projects, or who do not include the full number of those units. Rather than building on site, they can pay a fee into the city’s Trust Fund instead.