Articles Recently Tagged: Affordable Housing

(105 posts)
Recommendation for Affordable Housing Requirements Revealed

Recommendation for Affordable Housing Requirements Revealed

With San Francisco Supervisors having drafted two competing proposals for overhauling the percentage and mix of below market rate (BMR or “affordable”) units that developers of market rate projects are required to provide on-site or fund elsewhere in the city, in response to the passage of Proposition C and... Read More »

A Below Market Rate Reduction to under $500 per Square Foot

A Below Market Rate Reduction to under $500 per Square Foot

Purchased as new for $330,000 in 2007, or roughly $409 per square foot, as part of San Francisco’s inclusionary (a.k.a. Below Market Rate or Affordable) housing program, the 807-square-foot, one-bedroom condo #4201 at Candlestick Cove returned to the market listed for $450,626 ($558 per square foot) six months ago,... Read More »

More Affordable Housing on the Way in South Mission Bay

More Affordable Housing on the Way in South Mission Bay

While Mission Bay North is fully developed, and the last market rate residential development to be built within the boundaries of Mission Bay South is under construction at 1000 Channel Street, on Mission Bay Block 1, there are still 868 units of affordable housing that have yet to be... Read More »

Big Plans for San Francisco’s Temporary Transbay Terminal Site

Big Plans for San Francisco’s Temporary Transbay Terminal Site

The Transbay District block bounded by Howard, Beale, Folsom and Main – which is currently the site of San Francisco’s Temporary Transbay Terminal – will be divided into three upon the opening of San Francisco’s new Transbay Transit Center. The middle third of the site (Transbay Block 3) will... Read More »

New Plans for Building Up in the Mission

New Plans for Building Up in the Mission

In the works since 2008 and previously aiming to break ground by the end of 2014, an all-new set of plans for a contemporary five-story building to rise on the southwest corner of 24th and Harrison Street, in the heart of San Francisco’s Latino Cultural District, have been drawn... Read More »

Hill Dwellers Seek ‘Right-Sizing’ of Affordable Development Below

Hill Dwellers Seek ‘Right-Sizing’ of Affordable Development Below

With the designs for the proposed development of 184 affordable apartments to rise up to six stories in height across the half-block-plus parking lot parcel at 88 Broadway having been refined and newly rendered, the Telegraph Hill Dwellers (THD) are seeking to have the development “right-sized.” And to be... Read More »

Balboa Reservoir Announcement Pushed Back

Balboa Reservoir Announcement Pushed Back

While all the teams interested in buying, entitling and redeveloping the western 17 acres of the Balboa Reservoir site, which is currently a 1,000-space parking lot under the jurisdiction of the San Francisco Public Utilities Commission, have submitted their qualifications and preliminary concepts to the City, the finalists will... Read More »

Affordable Development Challenged

Affordable Development Challenged

While plans for a nine-story building with 127 units of affordable housing to rise on the northern half of the parking lot parcel at the corner of Folsom and 17th Street, adjacent to the future Folsom and 17th Street park on the southern half of the lot, have been... Read More »

The City’s Affordable Housing Recommendations and Dissent

The City’s Affordable Housing Recommendations and Dissent

Voters in San Francisco passed Proposition C last year, a ballot measure which effectively doubled the percentage of below market rate (BMR or “affordable”) units that developers of larger market rate projects would be required to provide on-site or fund elsewhere in the city. Prior to the vote, San... Read More »

Affordable Housing Developers Cashing out on the City’s Dime?

Without pointing fingers or naming names, Supervisor Mark Farrell has drafted legislation which would specifically require that any and all proceeds generated from the refinancing or sale of an affordable housing development in San Francisco, which was supported in whole or in part by taxpayer funds, shall only be... Read More »