Articles Recently Tagged: Below Market Rate (BMR)

(154 posts)
City Attorney Intends to Tag Couple for Affordable Housing Fraud

City Attorney Intends to Tag Couple for Affordable Housing Fraud

Back in 1999, Caroline Novak appears to have fraudulently purchased a below market rate (BMR) condo at 300 Beale Street, having failed to disclose that she already co-owned property in San Mateo which would have disqualified her from participating in San Francisco’s BMR program. Having paid $178,500 for the... Read More »

Waylaid Mission District Development Breaks Ground

Waylaid Mission District Development Breaks Ground

As we first reported earlier this year: It was back in 2015 that San Francisco’s Board of Supervisors 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 was approved for the development of... Read More »

Waylaid NoPa Development Slated for Approval, Again

Waylaid NoPa Development Slated for Approval, Again

While waylaid by efforts to increase the percentage of below market rate (BMR) units the proposed six-story building to rise on the old Alouis Radiator shop turned Seismic Retrofitters parcel at 650 Divisadero Street would be required to provide, the project could be approved by San Francisco’s Planning Commission... Read More »

The Latest Timing and Budget for 157 Affordable Apartments to Rise

The Latest Timing and Budget for 157 Affordable Apartments to Rise

The financing to build 157 below market rate (BMR) rental units upon the former Phoenix Continuation High School site turned Mission District Navigation Center at 1950 Mission Street is now expected to close sometime between mid-November and December 15. The ground is expected to be broken within 10 days of... Read More »

Redevelopment of Iconic Tenderloin Site Positioning to Break Ground

Redevelopment of Iconic Tenderloin Site Positioning to Break Ground

The building permits for the approved eight-story building to rise on the northwest corner of Turk and Larkin, upon the site of the iconic Kahn & Keville tire and battery shop in the Tenderloin, are close to being issued. And next month, the Mayor’s Office of Housing and Community... Read More »

Refined Timing for Proposed Balboa Reservoir Redevelopment

Refined Timing for Proposed Balboa Reservoir Redevelopment

As we first reported earlier this year: According to a draft Fiscal Responsibility report for the massive Balboa Reservoir project, the projected $560 million development, a total which doesn’t include the price of the land or community benefits which have yet to be negotiated, could break ground “as early... Read More »

Supersized Van Ness Corridor Development Closer to Reality

Supersized Van Ness Corridor Development Closer to Reality

Having recently doubled the proposed density of the previously approved project to rise upon the former service station site on the northwest corner of Van Ness and Filbert, the façade of the supersized development has been redesigned. As newly rendered by Costa Brown Architecture above, versus earlier this year, the proposed... Read More »

New Timing and Affordability for Massive India Basin Development

New Timing and Affordability for Massive India Basin Development

With the projected timing to secure the necessary entitlements to move forward with Build Inc’s massive India Basin project – a proposed development which could now yield up to 1,575 units of housing, 1,800 parking spaces, 209,000 square feet of commercial space and 5.6 acres of open space along... Read More »

Waylaid Mission District Development Modified, Slated for Approval

Waylaid Mission District Development Modified, Slated for Approval

Waylaid by a groundswell of local opposition, plans to mostly demolish the brick and timber Fitzgerald Furniture Company building on the northeast corner of 19th and Bryant Streets and develop a contemporary six-story building upon the Mission District site could be approved by San Francisco’s Planning Commission this afternoon.... Read More »

Mission District Development Finally Positioning to Break Ground

Mission District Development Finally Positioning to Break Ground

It was back in 2015 that San Francisco’s Board of Supervisors 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 was approved for the development of a seven-story, 72-unit building and which the... Read More »