Articles Recently Tagged: Below Market Rate (BMR)

(91 posts)

Supervisor Aims to Further Incent Development of Student Housing

In order to promote the development of Student Housing in San Francisco, the City’s Planning Code provides a big incentive for developers to build for educational institutions. While new developments with ten or more residential units are currently required to provide 12 percent of the units at below market... Read More »

State Legislation Could Streamline Development in San Francisco

Governor Brown’s proposed Streamlining Affordable Housing Approvals bill could potentially fast track the approval and permitting process for tens of thousands of units in San Francisco’s housing pipeline, allowing code compliant projects with up to ninety-five (95) percent market-rate units to be developed “as of right” and prohibiting the... Read More »

The SoMa Development a Ballot Initiative Aims to Block

The SoMa Development a Ballot Initiative Aims to Block

As we first reported last week, the paperwork for a ballot measure entitled the “Don’t Demolish Recreation in San Francisco Initiative” has been filed with the City.  And while the initiative doesn’t specifically name the proposed redevelopment of the San Francisco Tennis Club site at 645 5th Street as... Read More »

Mission District Development Reimagined: Beauty or Beast?

Mission District Development Reimagined: Beauty or Beast?

Facing pushback from the neighborhood and powers that be, developer Nick Podell and team circled back to the drawing board and returned with a “completely reimagined” proposal for the development of 2000-2070 Bryant Street, a project which could rise across the majority of the Mission District block bounded by... Read More »

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 »