The City of Berkeley and BART are working together to plan for new housing at the North Berkeley and Ashby transit stations. Redeveloping these stations will have a big impact on each of these neighborhoods and neighbors and other community stakeholders have strong feelings about how the sites should be developed. The city engaged Street Level Advisors to evaluate the financial feasibility of these development projects and in particular to consider how to maximize the level of affordable housing at each site. Because understanding the economics of development is necessary to fully participate in decisions about their future, we developed a series of short videos to provide neighborhood stakeholders with important background and context.
Market Rate Housing
Describes the process that a for profit developer goes through to evaluate the feasibility of a project and defines key terms.
Describes the process that a nonprofit developer goes through to evaluate the feasibility of an affordable housing project and defines key terms.
Public Value Recapture
Outlines the ways that the City and BART recapture the value generated through new building to provide critical community benefits including affordable housing.