Search
 

Competing Affordable Housing Plans Submitted

SAN FRANCISCO-One of the plans would raise the affordable housing requirement from 10% to 14% for large projects including live-work lofts. The percentage could go as high as 25% if the affordable units are built off site.

By Michelle Savage | Updated on February 10, 2002

SAN FRANCISCO-Two proposals to ease the city’s affordable housing crunch recently went before the San Francisco Planning Commission.

One plan, but city supervisor Mark Leno, would raise the affordable housing requirement from 10% to 14% for large projects including live-work lofts and as high as 25% if the less expensive units were located off site. Planning Director Gerald Green called Leno’s proposed ordinance a “legislative response” to what the commission’s staff has been working on since fall.

The staff proposal would create a city ordinance codifying the current planning code affordable housing requirement, which is 10% in all projects of 10 units or more, and expand it to require 12% for live-work loft developments. For the off-site option, developers also would have to build a higher percentage.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.