With a growing number of proposed developments along lower Divisadero in the works, including plans for a 152-unit building to rise across the Divisadero Car Wash site and a 60-unit building at Divisadero and Grove, a petition demanding that developers be required to nearly triple the minimum number of onsite affordable units for any residential development on or around the Divisadero Corridor has collected over 200 signatures and gained the support of the Alamo Square Neighborhood Association’s Board of Directors.
The petition’s demands and position:
- New residential development must not displace existing tenants, homeowners, or small businesses.
- New residential development must contribute to neighborhood character and diversity both in terms of affordability and architectural design.
- New residential development must include at least 33% onsite units affordable to low- and moderate-income residents. The community favors projects in which at least 50% of the units are affordable.
- The community will not support projects that do not meet the above criteria.
Residential projects along the corridor are currently required to either include a minimum of 12% onsite affordable units, build a higher percentage of affordable units nearby, or pay an in lieu of fee.
If the movement to increase affordability requirements for projects along the Divisadero corridor gains steam, the associated uncertainty could effectively cause a ‘mini-moratorium’ or pause for market-rate projects. And if actual legislation is adopted, it would dramatically change the economics for developers.