Two of San Francisco’s top leaders have unveiled a housing plan aimed at expediting new housing developments in the city by cutting fees and lowering the number of affordable units developers must include.
A San Francisco supervisor is calling for a hearing to find solutions to problems within the city's affordable housing production team.
It will also provide a pathway for over 10,000 proposed projects to quickly move from approval to construction. "Our Inclusionary Housing laws have always been about maximizing the highest amount of affordable units that the private market will bear," Board President Peskin said in a press release. "This temporary reduction in affordable housing obligations is intended to kickstart housing development at this critical time in San Francisco’s economic recovery."initiative, an eight-year plan to meet the state-mandated goal of building 82,000 new homes in San Francisco.
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