Affordable Housing Law Passed By San Francisco Board Of Supervisors
A two-year battle over granting upzoning incentives to San Francisco developers in exchange for affordable housing came to an end on Tuesday. The Board of Supervisors passed the Affordable Housing Bonus Program, also called Home SF, with a 10-1 vote, Curbed San Francisco reports.
The law provides up to two additional floors and other zoning incentives for developers who offer 30% of a project's units as affordable. The bonuses only apply to specific lots on specific streets close to major transit. The lots may not be current residencies.
Affordable condos can be priced between 90% and 140% of San Francisco’s median income, while apartments can be priced 55% to 110% of median income. The city anticipates the law will help create incentives to build more middle-class housing.
