By Walter Thompson : hoodline – excerpt
The Board of Supervisors voted 11-0 yesterday to pass the portion of the Affordable Housing Bonus Plan that rewards private developers who build housing projects that are 100 percent affordable with increased height limits.
The vote follows a contentious debate last last month, in which supervisors voted 6-5 to put off any decision. At the time, Sups. Aaron Peskin and Eric Mar were promoting “Density Done Right,” a rival plan that would have made density bonuses available only for permanently 100-percent affordable projects.
In response, Sup. Katy Tang, the AHBP’s sponsor, split her proposed bonus plan for developers into two parts. One section, which has been set aside for now, would give builders who set aside 30 percent of new units for low- and middle-income residents the right to build two extra stories. The other, passed yesterday, allows developers who create 100 percent affordable projects to go up three extra stories… (more)