Here is a link to the City website that describes the latest fad - "affordable housing" and notes
AFFORDABLE HOUSING OPPORTUNITY - PARKING LOTS F & N
An RFP was distributed in December, 2014 seeking qualified developers interested in partnering with the City to develop City-owned Parking Lots F & N (south of Howard Avenue, between Park Road and Highland Avenue) with affordable housing.
I don't recall this topic even coming up in the last election and I certainly have not run into a single person who thinks we should be building on city-owned parking lots to create "affordable housing". Of course, what really happens with affordable housing is that the next tier up of people in the income ladder find that their housing becomes more expensive. So government manipulation of the housing market is really just a blind effort to choose winners and losers among those whose circumstances aren't all that different.
Let's just leave the "what about the parking?" issue aside even though that HAS been a topic of the last few Council elections. We can also leave aside the "what about the new water hook-ups?" (see first comment below). The Mercury News did a somewhat balanced article on the topic last weekend here.
A great quote from that piece is
Mayor Tom Butt, pointing to the housing issues that plaque Oakland, Berkeley, and San Francisco, is against the (rent control) proposal. "If you want to do something for renters, why would you emulate the places that have the highest rents in the Bay Area?" he said.
Housing manipulation is a prime case of the Law of Unintended Consequences.