One fix for affordable housing: Close a loophole with AB 915

By Fernando Martí and Peter Cohen : sfexaminer – excerpt

As is often said, there is no “silver bullet” to solve the affordable housing crisis. But there is at least one easy fix to a current problem.

Last December, we wrote about the gift that Santa brought to San Francisco developers: a state density bonus that effectively cuts the affordable housing requirements for development projects — while giving them a substantial 35 percent bonus in market-rate units.

The good news is that San Francisco Assemblymember Phil Ting has set out to correct that this year with Assembly Bill 915, legislation that will make sure underlying affordable housing requirements apply evenly to all development projects, whether they use the state bonus or not…

If you want to let Assemblymember Ting know you support AB 915 for state density bonus affordability, call his office at (916) 319-2019 or send him an email at assemblymember.ting@assembly.ca.gov… (more)

 

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