As was long ago determined by the California Department of Housing and Community Development (HCD) and the regional Association of Bay Area Governments (ABAG), in order to meet the growing demand for housing in San Francisco, the City was given a goal of building 31,193 housing units between 2007 and 2014, its Regional Housing Needs Allocation (RHNA).
With 11,993 market rate units having been built in San Francisco from 2007 through the first quarter of 2014, the production of housing for those with household incomes above 120 percent of the area median is at 97 percent of the RHNA goal of 12,315 units. Unfortunately, the market rate component only represents 40 percent of the overall Housing Needs Allocation which was given to the City.
The majority of the identified need and goal for the City was to build housing which would be affordable to those with household incomes up to 120 percent of the area median, the projected need for which was at least 18,878 affordable units to be built in San Francisco by the end of 2014.
As of the first quarter of 2014, a total of 6,085 “affordable” housing units have been built in San Francisco since 2007, a little less than 32 percent of the City’s goal with nine months – and 12,793 units – to go.
In the Planning Director’s report to the Planning Commission tomorrow, the number of units in the pipeline, rather than actually produced, are highlighted and included in the percentages at the end of the progress table. We have, however, added the City’s actual attainment towards its goal in red above.