Articles Recently Tagged: Below Market Rate (BMR)

(61 posts)

New Law Could Radically Alter Who Gets Affordable Housing In S.F.

As it currently stands, affordable or ‘Below Market Rate’ housing units in San Francisco are allocated by lottery with preferences given to households that hold a rare Certificate of Preference or tenants who have recently been evicted by way of the Ellis Act.  And being a resident in the... Read More »

Twelve New Condos And One Less Gas Station As Proposed

Twelve New Condos And One Less Gas Station As Proposed

As proposed, the 76 station on the southwest corner of Lawton Street and 42nd Avenue in the Outer Sunset will be razed for a four-story development with twelve condos to rise. As designed by Ian Birchall and Associates, while the development would share a common backyard over the garage,... Read More »

The Budget And Renderings For 120 Affordable Transbay Units

The Budget And Renderings For 120 Affordable Transbay Units

With the cost of lumber spiking, the proposed structural design for the below market rate (BMR) building to rise on Transbay Block 7 – stretching from Fremont to Beale along Clementina, behind Golub’s 32-story tower dubbed “Solaire” rising at Fremont and Folsom on Transbay Block 6 – was changed from primarily wood... 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 »

Purchase Of Land To Build $889K Affordable Apartments Approved

Purchase Of Land To Build $889K Affordable Apartments Approved

San Francisco’s Board of Supervisors has unanimously approved the City’s $18.5 million purchase of the corner parcel at 490 South Van Ness Avenue and 16th Street in the Mission, a site which is approved for the development of a 72-unit building. The City intends to build permanently affordable apartments... 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 »

City Preparing RFP For Contentious Affordable Development

City Preparing RFP For Contentious Affordable Development

Identified by the Port of San Francisco as “the greatest affordable housing development opportunity among the Port’s seawall lots in the northeastern waterfront,” the Mayor’s Office of Housing has been working on plans for 115 units of affordable housing to rise up to 65-feet in height on Seawall Lot... Read More »

Signatures For Mission District Housing Moratorium Delivered

The sponsors of the proposed ballot measure which would impose a Mission District Housing Moratorium have delivered 15,101 signatures in support of the initiative to San Francisco’s Department of Elections.  And if at least 9,700 of the signatures are valid, the measure will qualify for this November’s ballot. If adopted... Read More »

San Francisco Missed Its Affordable Housing Target By A Mile

San Francisco Missed Its Affordable Housing Target By A Mile

In order to meet the long-ago forecast of increased demand for housing in the city and around the Bay Area, San Francisco was given a goal of building a minimum of 31,193 housing units between 2007 and 2014, its Regional Housing Needs Allocation (RHNA).  And while developers delivered over 108... Read More »