According to a Project Manager at the Mayor’s Office of Housing, the total project cost for the 72-unit building which the City is planning to develop at 490 South Van Ness Avenue and 16th Street in the Mission has been estimated at $64 million or roughly $888,889 per unit.... Read More »
Speaking of underutilized city property, the sale of the five-story building at 30 Van Ness Avenue which sits on a Mid-Market parcel zoned for development up to 400 feet in height has been authorized by San Francisco’s Board of Supervisors with a price of no less than $87 million.... Read More »
An interesting factoid with respect to rent control tenants in San Francisco from the City’s Economic Impact Report for the proposed $310 million General Obligation bond to support Affordable Housing in San Francisco which will appear on this November’s ballot: The average tenancy for a rent-controlled apartment in San... Read More »
In order to meet the long-ago forecast of increased demand for housing in the city and around the Bay Area, San Francisco was given a goal of building a minimum of 31,193 housing units between 2007 and 2014, its Regional Housing Needs Allocation (RHNA). And while developers delivered over 108... Read More »
A net total of 627 housing units were built within the borders of San Francisco’s Mission District from 2010 through the end of 2014. Of those 627 units, roughly 10 percent (60) were designated as Below Market Rate (BMR) units which are to remain affordable to households earning up... Read More »
Six Bay Area counties have the highest median incomes in California, based on a ranking of joint tax returns by the State’s Franchise Tax Board. And believe it or not, with a median income of $93,404, versus a statewide average of $73,378, San Francisco comes in at number six.... Read More »
If the Forge Land Company’s plans are approved at the end of the month, a pair of eight-story buildings, with a total of 238 market-rate “group housing” rooms over 5,000 square feet of ground-floor retail space, could rise on two parking lots fronting Leavenworth and Turk in the Tenderloin.... Read More »
When politicians and developers speak of “affordable” housing in San Francisco, they’re typically referring to housing that falls within the City’s Below Market Rate (BMR) program. Housing units within the BMR program – which includes both condos and apartments – are intended to be affordable to lower and middle-income... Read More »
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