Times Could Be Changing for S.F. Affordable Housing

It could be a new era of affordable housing for San Francisco's Board of Supervisors as two of the city's leaders put forth measures this week that would expand rent control in the city and increase inclusionary housing.

The supervisors are pushing the city to build more below-market-rate housing. Supervisor Jane Kim has introduced an amendment that could go on the June ballot that would more than double how many below-market-rate units are required in new private residential developments, growing that number from 12% to 25%, according to the San Francisco Business Times.

Meanwhile, Supervisor Aaron Peskin wants state legislators to amend the state law that allows most types of housing to age out of the rent control program. [SFBT]

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's San Francisco Newsletters
Related Stories

SFF Realty Partners Extends Spending Spree With $82M Acquisition In Downtown San Jose

Years Later, Millions In Chicago Housing Projects Remain Unbuilt

Drawbridge Realty Acquires 180K SF Office Building In Sunnyvale For $219M

Developers Scheme To Build More Housing Units As NYC's Tax Incentive Ages

U.S. Multifamily Market Regaining Its Balance As Yearslong Supply Wave Tapers Off

Hines Spends $170.5M On Mixed-Use Portfolio In Dallas' Bishop Arts District

San Francisco Office Market Climbs, Fueling Demand For Large Blocks, Luxury Space

How UK Investment Giant L&G Plans To Grow Its U.S. Multifamily Holdings

Properties Owned By REIT Accused Of Fraud To Be Auctioned Off

Major NYC Multifamily Firm Expands With Tech-Driven Operations

Multifamily's Days As Commercial Real Estate's 'Golden Child' Are Over

Riverwards Secures $36M In Construction Financing For Philly Apartment Project