Articles Recently Tagged: Affordable Housing

(112 posts)
Agent Accused of Affordable Housing Fraud

Agent Accused of Affordable Housing Fraud

Back in 2008, a local real estate agent purchased a below market rate (BMR) one-bedroom condo on the eighth floor of the newly built SoMa Grand for $221,698. As part of the purchase agreement for the affordable unit, the agent signed an affidavit affirming that he would occupy unit... Read More »

Alternatives for Redevelopment of Iconic Tenderloin Site Outlined

Alternatives for Redevelopment of Iconic Tenderloin Site Outlined

The environmental impact report (EIR) for the proposed development of over 100 affordable apartments at the corner of Turk and Larkin is being prepared. And as we first reported last year, the proposed incorporation of a portion of the existing L-shaped building on the site, which was constructed in... Read More »

Development to Rise on Navigation Center Site Even Closer to Reality

Development to Rise on Navigation Center Site Even Closer to Reality

The proposed development of 157 below market rate apartments to rise up to nine stories in height at 1950 Mission Street, upon the former Phoenix Continuation High School site turned Navigation Center in the Mission, has been formally granted a streamlined environmental review. As such, the development could theoretically... Read More »

Pipeline of Development in S.F. Holds but Nearing Negative Growth

Pipeline of Development in S.F. Holds but Nearing Negative Growth

With new proposals having been submitted to the City for roughly the same number of residential units that finished construction in the first quarter of the year, the overall pipeline of apartments and condos under development in San Francisco is holding around 63,600. But as we first noted last... Read More »

Take Two for a Tenderloin Development That’s Headed Market Rate

Take Two for a Tenderloin Development That’s Headed Market Rate

Originally approved for the development of five stories of affordable housing back in 2004, the entitlement to build upon the undeveloped Tenderloin parcel at 519 Ellis Street, adjacent to the Senator Hotel, expired at the end of 2007. An attempt to revive the entitlement in 2008, and then again... Read More »

The Latest Accounting for Mission Bay

The Latest Accounting for Mission Bay

When San Francisco’s 300-acre Mission Bay neighborhood is fully developed, it will include 6,400 units of housing. That’s 1,100 more than today, with 500 of those units under construction and planning for the remaining 600, all of which are slated to be offered at below market rates, underway. In... Read More »

Plans and Funding for a New Dogpatch Hub, with a Catch (or Two)

Plans and Funding for a New Dogpatch Hub, with a Catch (or Two)

A detailed proposal and plans to transform the deteriorating and fire-bombed former Police Station at 2300 Third Street into a new Dogpatch Hub and community center have been drafted. And UCSF is in line to provide a $4.2 million “gift” to get the projected 36-month project started. Deemed a... Read More »

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 »