FinanceSan Francisco

New SF Proposal Would Double Affordable Housing Requirements

Sign up for the best newsletter EVER!

Supervisors Jane Kim and Aaron Peskin introduced a charter amendment yesterday that that would more than double San Francisco’s affordable housing requirements for market rate projects from 12% to 25% in new construction.

The city currently requires market-rate projects to provide 12% of their units below market rate.  But developers can legally build 20 percent of their units off site or pay a fee equal to 20 percent of the value of the units. Kim and Aaron’s proposal increases the fee to 33% each and increases the off-site unit requirement.  It also shifts the policy-making process for such changes from voters back to the Board of Supervisors.

According to Supervisor Kim, at least 60 percent of residents of San Francisco need and are qualified to avail of affordable housing.  The change will require voter approval in June.  Further debate is expected.

Want more on this story?  We got this info from these articles &


Supervisor Jane Kim District 6 & Supervisor Aaron Peskin District 3. Photo:

Like this article? Make sure to sign up for our mailing list so you never miss a goddamn thing!
Previous post

New York's Best Lesser Known Bookstores

Next post

Delirium: Where Twentysomethings Go to Get Drunk and Get Laid

Alex Mak - Managing Editor

Alex Mak - Managing Editor

I'm the managing editor here at Broke-Ass Stuart. I enjoy covering Bay Area News as well as writing about Arts, Culture & Nightlife.

If you're a writer, artist, or performer who would like to get your work out there, or if you've got great things to promote, we've got 120k social followers and really fun ways to reach them. We make noise for our partners, and for our community.
alex at