Tim Redmond : 48hills – excerpt
No more office space until there are affordable places for the new workers to live — that’s the goal of a March 2020 ballot initiative.
One of the most important – and desperately needed – land-use measures in years could be on the March, 2020 ballot.
The Yerba Buena Neighborhood Consortium is promoting an initiative that would directly link new office approvals to affordable housing growth. It’s such a simple concept: The city would not be able to approve new office space when there’s no place for the new workers to live.
The problem is obvious. According to the city’s own figures, for every 875,000 square feet of new office space that’s built and occupied, 3,676 new workers are attracted to the city, and need 1,785 housing units…
Under the “Balanced Development Act, the amount of allowable office space would be reduced by the same amount that the city falls short of affordable housing. In the current situation, only 68 percent of the 850,000 square feet a year could be built… (more)