[TrumpCard]

Interesting. I wonder if grad student housing qualifies as low-income housing. Certainly many grad students qualify as low income, but making the housing Stanford exclusive may nullify that? Devil will be in the details as with most laws.

I don't think Stanford could build housing exclusively for grad students that would qualify as "affordable housing" for purposes of any statute.  Stanford grad students might well qualify based on their income, but good luck to them getting a slot.  Section 8 housing is in high demand, Section 8 residents typically stay for a long time, and waiting lists for such housing tend to be long.  Grad students would be unlikely to get many/any slots because they don't tend to stay in one place for a long enough period of time.    

I was talking about Stanford making an investment in building affordable housing on undeveloped land to rent to low income residents without regard to their affiliation with Stanford.  The university would have to be motivated primarily either by altruism or by economics (since Section 8 housing can produce solid and reliable revenue streams).  Without the new statute, Stanford couldn't really consider such an investment because the university needed to use all its available square footage to provide housing for its own.  If this statute effectively exempts statutorily compliant "affordable housing," then it might change Stanford's decision calculus.

[TrumpCard]

Interesting. I wonder if grad student housing qualifies as low-income housing. Certainly many grad students qualify as low income, but making the housing Stanford exclusive may nullify that? Devil will be in the details as with most laws.

I don't think Stanford could build housing exclusively for grad students that would qualify as "affordable housing" for purposes of any statute.  Stanford grad students might well qualify based on their income, but good luck to them getting a slot.  Section 8 housing is in high demand, Section 8 residents typically stay for a long time, and waiting lists for such housing tend to be long.  Grad students would be unlikely to get many/any slots because they don't tend to stay in one place for a long enough period of time.    

I was talking about Stanford making an investment in building affordable housing on undeveloped land to rent to low income residents without regard to their affiliation with Stanford.  The university would have to be motivated primarily either by altruism or by economics (since Section 8 housing can produce solid and reliable revenue streams).  Without the new statute, Stanford couldn't really consider such an investment because the university needed to use all its available square footage to provide housing for its own.  If this statute effectively exempts statutorily compliant "affordable housing," then it might change Stanford's decision calculus.