Articles Recently Tagged: Area Median Income (AMI)

(15 posts)
Ground for 157 Affordable Apartments Will Be Broken Next Week

Ground for 157 Affordable Apartments Will Be Broken Next Week

With financing having been secured and San Francisco’s first Navigation Center, which had temporarily occupied the former Phoenix Continuation High School site, having been shuttered/moved, the ground for 157 below market rate (BMR) rental units to rise at 1950 Mission Street will officially be broken this coming Monday, March... Read More »

A Six-Figure Salary Is NOT ‘Low Income’ in San Francisco

A Six-Figure Salary Is NOT ‘Low Income’ in San Francisco

Despite making for a shocking headline, a “six-figure salary” is not actually considered “low income” for residents of San Francisco. Yes, for a household of four in the city, a total household income below $117,400 is considered “low income” per the U.S. Department of Housing and Urban Development, the... 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 »

Contentious Bonus Height Program Rebranded

Contentious Bonus Height Program Rebranded

While legislation to streamline the approval process for developers of below-market-rate housing in San Francisco to build up to three stories higher than zoned was adopted last year, the biggest component of San Francisco’s proposed Affordable Housing Bonus Program, which would have allowed market-rate developers to build up to... Read More »

Ballot Measure to Double Income Limit for Affordable Housing in S.F.

The paperwork for a proposed ballot measure which would double the maximum income that San Francisco residents can earn and still qualify for a Below Market Rate (BMR) apartment in the city, from 55 percent of the Area Median Income (AMI) to 110 percent, has been filed with San... Read More »

Legislation To Allow Building Up To Three Stories Higher

Legislation To Allow Building Up To Three Stories Higher

Proposed legislation which would allow developers in San Francisco to build up to three stories higher than currently zoned, depending upon the percentage of ‘affordable’ units included on-site, has been introduced to the Board of Supervisors by the Mayor and Supervisor Katy Tang. In addition to enacting the State’s... Read More »

Refined Designs And Timing For Development Fronting Fourth

Refined Designs And Timing For Development Fronting Fourth

The designs for the mixed-use development to rise at 1300 Fourth Street (a.k.a. Mission Bay Block 6 East), with 142 affordable apartments and a managers unit over up to seven ground-floor commercial spaces fronting the Fourth Street corridor, have been refined and newly rendered. As designed by Mithun Solomon... Read More »

Budget To Build 72 Affordable Units In The Mission: $888,889 Each

Budget To Build 72 Affordable Units In The Mission: $888,889 Each

According to a Project Manager at the Mayor’s Office of Housing, the total project cost for the 72-unit building which the City is planning to develop at 490 South Van Ness Avenue and 16th Street in the Mission has been estimated at $64 million or roughly $888,889 per unit.... Read More »

30 Van Ness Sale Authorized, 600 Units Expected To Rise

30 Van Ness Sale Authorized, 600 Units Expected To Rise

Speaking of underutilized city property, the sale of the five-story building at 30 Van Ness Avenue which sits on a Mid-Market parcel zoned for development up to 400 feet in height has been authorized by San Francisco’s Board of Supervisors with a price of no less than $87 million.... Read More »

Affordable Housing Bond Report And Average Rent-Control Tenancy

Affordable Housing Bond Report And Average Rent-Control Tenancy

An interesting factoid with respect to rent control tenants in San Francisco from the City’s Economic Impact Report for the proposed $310 million General Obligation bond to support Affordable Housing in San Francisco which will appear on this November’s ballot: The average tenancy for a rent-controlled apartment in San... Read More »