The paperwork for a proposed ballot measure which would double the maximum income that San Francisco residents can earn and still qualify for a Below Market Rate (BMR) apartment in the city, from 55 percent of the Area Median Income (AMI) to 110 percent, has been filed with San Francisco’s Department of Elections.
The current AMI for a one-person household in San Francisco is $71,350. It’s $81,500 for a couple and $101,900 for a family of four.
Keep in mind that while the proposed ordinance would dramatically increase the pool of those eligible for BMR rental housing, which is awarded by lottery, it wouldn’t require additional production (although another ballot measure would).
And if qualified, the proposed measure, which has tentatively been titled the “Expanding Affordable Housing for Middle-Income Residents Ordinance” and is being championed by Thomas A. Hsieh, would appear on the November ballot.