Articles Recently Tagged: Below Market Rate (BMR)

(12 posts)

Agreement To Keep Affordable Housing Out Of New Tower

The proposal to keep affordable housing out of the 800-foot tower rising at 181 Fremont Street has been recommended for approval and will be presented to San Francisco’s Planning Commission next month. As we first reported last month, San Francisco’s Transbay Redevelopment Plan requires any new housing development within the redevelopment area to offer at least 15 Read More »

Lennar Planning Major Development In The Mission

Lennar Planning Major Development In The Mission

Not to be confused with the modern 40-unit building which has already risen at 1515 15th Street, Lennar Urban has filed a proposal to raze the McMillan Electric building at 1515 South Van Ness Avenue, between 26 th and Cesar Chavez, with plans to construct a 160-unit apartment building on the Inner Mission site which stretches Read More »

Cost To Build Affordable Housing On Sixth Street: $690K Per Unit

Cost To Build Affordable Housing On Sixth Street: $690K Per Unit

With a 99-year ground lease from the City of San Francisco for which Mercy Housing will pay a total of $99 as proposed, the projected cost of building the affordable housing development to rise on the southwest corner of Sixth and Howard is $47,333,630, which includes $4,600,000 in consideration for the land. With $1,110,264 allocated to Read More »

Long-Abandoned Mission Street Site Slated For Major Development

Long-Abandoned Mission Street Site Slated For Major Development

A transfer of the long-abandoned Phoenix Continuation High School site at 1950 Mission Street, between 15th and 16th Streets, from the San Francisco Unified School District to the Mayor’s Office of Housing and Community Development is likely to be approved next week. Upon the nearly one-acre Mission District parcel, an 85-foot-tall building with up to Read More »

Timing And Details For Starchitect Designed Transbay District Tower

Timing And Details For Starchitect Designed Transbay District Tower

Related California is planning to start construction on the 56-story tower designed by Architect Rem Koolhaas and the Office for Metropolitan Architecture (OMA) to rise at the corner of Folsom and First, along with the Fougeron Architecture designed podium and mid-rise along Folsom and Fremont, in Spring of 2016. Plans for a total of 653 Read More »

Grand Jury: Gloomy Outlook For Affordable Housing In SF, Unless…

Grand Jury: Gloomy Outlook For Affordable Housing In SF, Unless…

In order to meet the Mayor’s goal of creating 30,000 new and rehabilitated homes in San Francisco by 2020, developers will need to deliver an average of 5,000 units of housing per year for the next six years, an average that is greater than any single year’s maximum to date. In addition, in order to Read More »

Housing Balance Versus Housing Now

Housing Balance Versus Housing Now

Supervisor Jane Kim is moving forward with a ballot measure which would require developers to obtain special authorization from the Planning Commission in order to build any market rate housing in San Francisco if a project would cause the percentage of Below Market Rate housing built in the city since 2006 to drop below 30 percent Read More »

Plans For Condos To Rise On The Parking Lot At 7th And Minna

Plans For Condos To Rise On The Parking Lot At 7th And Minna

Plans for an eight-story SoMa building with 39 condos over two ground floor retail spaces at the corner of Seventh and Minna are slated to be approved by San Francisco’s Planning Commission this week. Currently the site of a 27-space parking lot, the proposed 119 7th Street development would rise 85-feet in height with outdoor Read More »

8 Octavia: Timing, Sales, And A Peek Inside

8 Octavia: Timing, Sales, And A Peek Inside

Construction on 8 Octavia, the modern 47-unit building designed by Stanley Saitowitz rising on the former Central Freeway parcel along Octavia between Market and Haight, is on-track to be finished at the end of July and the first residents are expected to move in this fall along with three retailers on the ground floor(s). While the final pricing has yet Read More »

Earning $81K Qualifies One For Below Market Rate Housing In SF

When politicians and developers speak of “affordable” housing in San Francisco, they’re typically referring to housing that falls within the City’s Below Market Rate (BMR) program. Housing units within the BMR program – which includes both condos and apartments – are intended to be affordable to lower and middle-income households and the units and qualifying Read More »

An Incentive To Build More Affordable Housing In S.F.

An Incentive To Build More Affordable Housing In S.F.

For many areas in San Francisco, the number of dwelling units allowed to be built upon a parcel is strictly limited by the size of the lot.  For example, within districts zoned RM-1, a common designation which allows for the development of apartments and condos, a developer is allowed to build no more than one Read More »

The Deal Of The Century: Three New Condos Under $270K

The Deal Of The Century: Three New Condos Under $270K

Three of the 22 new condos at 2200 Market Street – the building which rose on the site of the former Leticia’s/Thai House restaurants and has been dubbed “The Century” – are Below Market Rate (BMR) units which are now on the market and priced at $227,198 for the 849-square foot one-bedrooom and $266,987 for the two two-bedrooms which measure 873 Read More »