San Francisco is suffering from a housing affordability crisis.
At ConnectedSF, we believe one of the ways City Hall can be more effective is to reform policies that create obstacles to building housing and add unnecessary bureaucracy to the process.
In 2023, on-site requirements were temporarily lowered to 12% for projects approved and already in the pipeline before November 1, 2023 and to 15% for projects approved after that date. At the same time, it also provided a temporary 33% reduction on other development impact fees. These temporary reductions are currently in effect and are set to expire on November 1, 2026.
These efforts and reductions were well-intended, yet they came at a time when San Francisco’s recovery was still uncertain. Interest rates remain high and construction and labor costs have increased. Simultaneously demand for housing has increased.
Now Mayor Lurie, alongside a handful of his colleagues, is proposing amendments to the the Inclusionary Housing Program, this time by reducing the on-site affordable rates from 12 to 15% down to 5% and the off-site rates from 20% to 20.5% down to 10%, all while eliminating area-specific inclusionary housing fees. This is just common sense!
Send an email TODAY to the Planning Commission, Board of Supervisors and Mayor Lurie to see these reforms passed and over the finish line.