Articles Recently Tagged: Below Market Rate (BMR)

(87 posts)
Contentious Affordable Housing Site Awarded to Developers

Contentious Affordable Housing Site Awarded to Developers

Identified by the Port of San Francisco as “the greatest affordable housing development opportunity among the Port’s seawall lots in the northeastern waterfront,” but having faced neighborhood pushback over just how affordable the development should be, the City has awarded the development rights for the half-block parcel on the... Read More »

A Two-Bedroom Mission Condo Couldn’t Fetch its Below Market Rate

A Two-Bedroom Mission Condo Couldn’t Fetch its Below Market Rate

Nine months ago the Below Market Rate (BMR) deeded two-bedroom condo #403 at 1587 15th Street, “located right in the heart of the vibrant Mission/Valencia corridor” above the former 4505/Belcampo Butcher Shop and featuring “a fantastic open concept floor plan with hardwood floors, a gourmet kitchen and its own... Read More »

Initiative to Require Competitive Bidding for Affordable Housing in SF

In addition to a proposed ballot measure which would double the maximum income one could earn and still qualify for a Below Market Rate (BMR) apartment in San Francisco, the paperwork for an initiative which would implement a new competitive bidding process for all developers of publicly funded housing... 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 »

Refined Designs and Timing for 157-Unit Development in the Mission

Refined Designs and Timing for 157-Unit Development in the Mission

While the development team is still working with the Planning to finalize the design, the Planning Commission hearing for Lennar Urban’s proposed 157-unit building to rise up to six stories in height at 1515 South Van Ness Avenue, replacing the McMillan Electric building on the Mission District site, has... Read More »

Site Prep for 400-Foot Transbay Tower with 545 Units Underway

Site Prep for 400-Foot Transbay Tower with 545 Units Underway

Building permits have been issued and the site prep for the 42-story Transbay District tower to rise up to 400-feet in height on the northwest corner of Folsom and First, across the street from Transbay Block 8, is now underway. Also known as 500/510 Folsom, the Transbay Block 9... Read More »

No Full-Service Grocery for Transbay Block 8 in Sight

No Full-Service Grocery for Transbay Block 8 in Sight

One year after having cut 99 residential units from their development plans for Transbay Block 8 and reduced the project’s proposed grocery store space from 22,000 to 12,500 square feet, a reduction that rendered the space too small for a large grocer like Whole Foods (which had expressed interest... Read More »

San Francisco’s Other One Percent: Recipients of Affordable Housing

San Francisco’s Other One Percent: Recipients of Affordable Housing

With an initiative designed to double the number of “affordable” units of housing that developers must provide or fund when building market-rate units in San Francisco headed for the June ballot, an overview of the applicant pool and outcomes for the 69 affordable units built at 280 Beale Street,... Read More »

Housing for Homeless Vets and Low-Income Families in Mission Bay

Housing for Homeless Vets and Low-Income Families in Mission Bay

The pre-construction planning for a five-story building with 101 below-market-rate apartments for formerly homeless veterans and low-income families to rise at 1150 Third Street, on the eastern half of Mission Bay Block 3, which fronts Third Street between Mission Rock and Long Bridge, is underway. The $47 million project,... Read More »

Ballot Measure Could Double Affordable Housing Requirements

A ballot measure designed to more than double the number of below-market-rate (BMR) units of housing that developers must provide or fund when building market-rate units in San Francisco is about to be formally proposed by Supervisors Jane Kim and Aaron Peskin. While market-rate developments with ten or more... Read More »