Articles Recently Tagged: Area Median Income (AMI)

(17 posts)
30 Van Ness Sale Authorized, 600 Units Expected To Rise

30 Van Ness Sale Authorized, 600 Units Expected To Rise

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 »

Affordable Housing Bond Report And Average Rent-Control Tenancy

Affordable Housing Bond Report And Average Rent-Control Tenancy

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 »

San Francisco Missed Its Affordable Housing Target By A Mile

San Francisco Missed Its Affordable Housing Target By A Mile

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 »

Stage Is Set For Market-Rate Housing Moratorium Vote

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 CA

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 »

Group Housing For SF’s “Working Class” Making $100K

Group Housing For SF’s “Working Class” Making $100K

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 »

Earning $81K Qualifies One For Below Market Rate Housing In SF

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 »