Supervisors Reach Compromise On Affordable Housing Mandates

by Shane Downing : hoodline – excerpt

Last night, moderates and progressives on the Board of Supervisors reached a compromise on how much affordable housing to require in new market-rate developments, an agreement that both prioritizes low-income families and caters to middle-class San Franciscans who don’t usually qualify for subsidized housing.

Last night’s compromise between Supervisors London Breed, Jane Kim, Aaron Peskin, Ahsha Safai and Katy Tang was a year in the making, as progressives and moderates previously locked horns on how much affordable housing to mandate in new market-rate developments.

Whereas Breed, Safai and Tang had supported legislation requiring a 18 percent requirement that targeted middle-class families, progressives Kim and Peskin pushed for a 24 percent set-aside for lower-income families…

The compromise addresses issues that were raised in 2016’s Proposition C, which required developers to sell or rent 25 percent of their new units at below-market rates. Implementing the ballot measure hinged on a yet-to-be-released feasibility study from the controller’s office…

In a related matter, supervisors unanimously voted on Tuesday to approve amendments to a proposed density bonus and height law to make it more family-friendly and take into account varying property values across San Francisco’s neighborhoods… (more)