Nerding Out on the Affordable Housing Bonus Program

By : sfexaminer – excerpt

For nerds like me, who love how technicalities buried on page 43 of a report can shape a city for decades, and political Gordian knots, this Thursday’s Planning Commission hearing is sexier than a season finale of “Scandal.”

Back in September, Mayor Ed Lee and Supervisor Katy Tang introduced the Affordable Housing Bonus Program to offer developers bonuses of two or three extra stories in exchange for building units affordable to those earning up to 140 percent of the median income for a family of four, which is $142,000. (What about people earning $90,000? San Francisco is not for you anymore, apparently.)

ABHP targets underdeveloped areas in the Sunset, Richmond, Marina, Western Addition and a few other places. The Planning Department estimates the AHBP could get another 16,000 units built in the next 20 years.

So far so good. Lining six-story buildings down Taraval doesn’t seem like a death knell to west-side quality of life. The Sunset is a little slice of suburbia inside The City’s limits and should grow up. And what progressive wouldn’t love putting affordable housing in the Marina?

Except that there are devils in them details. Hopefully the Satans can get behind thee to fix the policy, even if it diminishes developers’ profits slightly. But will the mayor and Supervisor Tang’s chronic premature capitulation flare up again?

The proposal, as constructed, has two major problems: transit and displacement…

Theoretically, there could be a lot more housing built along existing transit lines, where Muni could increase service without, say, new costly subways. But we’re too busy privatizing the transit system to fund Muni.

The displacement issue arises because ABHP’s incentives, as written, apply equally to developments that displace existing rent-controlled units. Rent-controlled housing is a scarce and precious commodity, like old growth forests or a femme top, none of which are appreciated by everybody. When it’s gone, it’s gone. Anyone who can’t afford his or her rent increasing by any amount whatsoever should worry about that. It doesn’t alleviate the housing crisis to evict current residents…

There’s a happy solution: ABHP could be amended to ensure expanded transit. ABHP could either simply exclude existing housing or require one-for-one replacement of rent-controlled units, relocation and right of return. It could require an average income (say $100K) for the below-market-rate units, and let developers set their own mix around the average.

It’s a conundrum for the mayor and his board allies: There’s a political imperative to deliver more affordable housing; their donors are developers, while their voter base is the neighborhoods where said building would go down.

Who will cave first? I’m bringing popcorn and pitchforks… (more)

 

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