With 18,087 housing units built in San Francisco since 2007 and another 12,340 units entitled for development, San Francisco is within 2.5 percent of the minimum number of housing units (31,193) that the city was to have delivered or in the works by 2014.
While within reach of its overall goal, the City of San Francisco has only produced or entitled 57 percent of the housing units which were to be allocated for those with incomes below 80 percent of the area median. Even more striking, the production of housing for those with moderate incomes of between 80 and 120 percent of the area median income is at 27 percent of plan.
The production of housing for those with incomes over 120 percent of the median in San Francisco – which is currently $81,550 for a single person or $116,500 for a family of four – is at 176 percent of plan.
At the same time, the population of San Francisco has grown faster than forecast and the Regional Housing Need Allocation for San Francisco adds up to another 28,869 housing units by 2022, 43 percent of which are intended to be for those with incomes under 120 percent of the median.