By Joshua Sabatini : sfexaminer – exerpt
Ushering in a new era of housing policy, San Francisco has proposed a tougher rule on short-term rentals like Airbnb and will vote today on legislation to increase affordable housing requirements.
Legislation from supervisors Aaron Peskin and Jane Kim would impose new affordable housing requirements on development, should voters in June approve Proposition C, a charter amendment that would allow the Board of Supervisors to adjust the requirements rather than voters, who currently have that power.
With thousands of homes wending their way through the planning process and the future of development at stake, the board is poised to vote on the legislation today after it advanced Monday out of the board’s Land Use and Economic Development committee.
The law would impose a 25 percent affordable housing requirement for new developments with at least 25 homes. The current requirement is 12 percent for projects with at least 10 units.
While last week the committee hammered out controversial details of grandfathering provisions, on Monday Supervisor Scott Wiener outright opposed the legislation, arguing it could mean a “de-facto moratorium,” even though he has endorsed Prop. C…
Every unit counts
As San Francisco is poised to increase its affordable housing requirements, The City may also be ready to add more restrictions on short-term rentals like Airbnb, which have been widely blamed for gobbling up existing housing.
Today, Supervisor David Campos will introduce legislation to require websites like Airbnb to only list short-term rental opportunities with a verified registration number or face fines of up to $1,000 daily … (more)