SF supes proposal seeks to monitor new construction for affordability

zRants

By Joshua Sabatini :sfexaminer – excerpt

San Francisco is poised to start monitoring the affordability of development to ensure the construction boom yields at least 33 percent of the units at below market rates, under legislation proposed by Supervisor Jane Kim.

The legislation is intended to hold The City more accountable in building housing for low to moderate income earners at a time when housing affordability is a top political issue.

“While we continue to build and develop in the city we also need to ensure that we are building the right way,” Supervisor Jane Kim said during Monday’s Board of Supervisors land use committee hearing.

The legislation would also hold Mayor Ed Lee more accountable in his goal of building or rehabilitating 30,000 housing units by 2020 with 33 percent of those being below market rate. Below-market rate housing advocates support stronger oversight over housing construction in The…

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