A quick clip of Bridge Housing meeting on October 27, 2013, featuring Brad Wilban, VP, He explains the proposed Marinwood Village low income housing and skeptical residents ask about their tax contribution for the estimated 30-40 million dollar project.
Bridge Housing is a "non-profit" developer and pays minimal taxes. A similar "for profit" developer would be estimated to pay $300-400,000 per year in addition to parcel taxes. Bridge Housing will only pay $10,000 per year for the full development.
Our little community of 6000 will pay millions of dollars over the course of the next 55 years for infrastructure improvements, educating hundreds of school children and the use of associated government services and aid to host this "non profit" development.