: missionlocal – excerpt
A potential 117-unit residential project at 2675 Folsom Street will not be moving forward in its proposed current form, Mission Local confirmed today. Its developer, Axis Development, has put the fully entitled site up for sale, Axis Managing Partner Theo F. Oliphant said Thursday.
“I have no comment beyond that,” Oliphant told Mission Local. He declined to name the development company’s desired price and why he is not moving forward with the plans.
This is a surprise move following a fierce battle between community activists and the developer to offer more affordable housing and community benefits. It was resolved last May after District 9 Supervisor Hillary Ronen brokered a deal between the developer and activists.
With that deal apparently dashed, the land could potentially yet house a 100-percent affordable structure — and the Mission District’s affordable developers are already beginning to queue up… (more)
Upzoning property to raise the value of real estate appears to be a national past time for wealthy government officials of both parties. Neither party cares about protecting affordable housing for working class Americans.
The real reason for upzoning is not to build more housing. The real reason for upzoning is to raise property values and this project a prime example of how that works. For a closer look at the national trend under the current administration and how this program is being sold to to California read the New York Times article linked here.
Ben Carson, is the HUD secretary. He was recently sued for his part in raising rents of HUD-managed properties. His aides are quoted as saying, “…he is focused less on federal solutions than on prodding local governments to ease barriers to construction. He has ordered his policy staff to come up with proposals to push local governments to reduce zoning restrictions on new projects, especially low-cost manufactured housing. HUD will also begin working with landlords around the country to come up with ways to make housing vouchers more attractive and more inclusive, aides said.
Stop state overreach! Find out what you can do to stop SB 828 and similar bills attempting to remove local jurisdiction over zoning and development decisions from local communities. livablecalifornia.org