With an initiative designed to double the number of “affordable” units of housing that developers must provide or fund when building market-rate units in San Francisco headed for the June ballot, an overview of the applicant pool and outcomes for the 69 affordable units built at 280 Beale Street, a below-market-rate component of Transbay Block 6, was presented to San Francisco’s Community Investment and infrastructure Commissioners last night.
A total of 5,254 applications were submitted for the 69 units last year, including one from a household that had been evicted via the Ellis Act. Only households with incomes of no more than 50 percent of the Area Median were qualified to apply.
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Of the 1.3 percent of successful applicant households, including the one which had been evicted, 51 percent identified as Asian American, 17 percent Caucasian, 16 percent Black and roughly 7 percent Hispanic/Latino.
And 16 percent of the 69 units at 280 Beale Street, which were designed by Santos Prescott and Associates and developed by Mercy Housing, were rented to non-San Francisco residents, including residents relocating from Richmond, San Bruno, Foster City, Burlingame, South San Francisco, San Leandro, San Jose, San Pablo and Daly City.