San Francisco voters recently approved a ballot measure that will require residential developments of 25 units or more to include 25% affordable units, up from the current requirement of 12%.
Proponents of the new law are hoping it will be a step forward in the effort to provide enough affordable housing in a city with some of the highest home prices and rents in the country. A grandfathering provision allows developers with completed applications to take advantage of a lower requirement depending on the date applications were approved.
Critics charged that the measure will actually reduce affordable housing because the costs of compliance would be too high to make larger projects financially possible, and developers would now focus on projects with less than 25 units. A recent San Francisco Bay Area Council survey determined that more than 33% of the Bay Area's residents are considering leaving the area due to housing costs, lengthy commuting times and the increasing cost of living.
Related Stories
Multifamily Housing | Oct 22, 2021
A plan to solve California's housing crisis
A framework for workforce housing, environmental repair and economic balance.
Multifamily Housing | Oct 21, 2021
Chicago’s historic Lathrop public housing complex gets new life as mixed-income community
A revitalized New Deal–era public housing community in Chicago brings the Garden City movement of yesteryear into the 21st century.
Multifamily Housing | Oct 20, 2021
Sacramento’s first luxury high-rise rental residences announced
Southern Land Company is developing the project.
Multifamily Housing | Oct 18, 2021
Construction begins on downtown Fort Worth’s first luxury high-rise rental residences
GDA Architects designed the building.
Multifamily Housing | Oct 14, 2021
27-story Bronx tower will include retail, 200 apartment units
CetraRuddy is designing the project.
Multifamily Housing | Oct 12, 2021
Affordable and sublime: 13 projects that represent the future of affordable housing
These projects prove that it’s possible to develop aesthetically pleasing, high-quality housing for low-income families, the homeless, and veterans.
Multifamily Housing | Oct 12, 2021
New multifamily community completes in Austin
Britt Design Group and Davies Collaborative designed the project.
Multifamily Housing | Oct 6, 2021
New assisted living and memory care facility begins construction in Austin
OZ Architecture designed the project.
Multifamily Housing | Oct 4, 2021
Spire brings 343 condos to downtown Seattle
The project is the closest high-rise building to the Space Needle.
Multifamily Housing | Sep 29, 2021
Five-story apartment community in Duarte, Calif. breaks ground
The project is located 22 miles from downtown L.A.
