Articles Recently Tagged: Below Market Rate (BMR)

(171 posts)
Housing Balance Versus Housing Now

Housing Balance Versus Housing Now

Supervisor Jane Kim is moving forward with a ballot measure which would require developers to obtain special authorization from the Planning Commission in order to build any market rate housing in San Francisco if a project would cause the percentage of Below Market Rate housing built in the city since... Read More »

Plans For Condos To Rise On The Parking Lot At 7th And Minna

Plans For Condos To Rise On The Parking Lot At 7th And Minna

Plans for an eight-story SoMa building with 39 condos over two ground floor retail spaces at the corner of Seventh and Minna are slated to be approved by San Francisco’s Planning Commission this week. Currently the site of a 27-space parking lot, the proposed 119 7th Street development would... Read More »

8 Octavia: Timing, Sales, And A Peek Inside

8 Octavia: Timing, Sales, And A Peek Inside

Construction on 8 Octavia, the modern 47-unit building designed by Stanley Saitowitz rising on the former Central Freeway parcel along Octavia between Market and Haight, is on-track to be finished at the end of July and the first residents are expected to move in this fall along with three retailers on the ground floor(s).... 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 »

An Incentive To Build More Affordable Housing In S.F.

An Incentive To Build More Affordable Housing In S.F.

For many areas in San Francisco, the number of dwelling units allowed to be built upon a parcel is strictly limited by the size of the lot.  For example, within districts zoned RM-1, a common designation which allows for the development of apartments and condos, a developer is allowed... Read More »

The Deal Of The Century: Three New Condos Under $270K

The Deal Of The Century: Three New Condos Under $270K

Three of the 22 new condos at 2200 Market Street – the building which rose on the site of the former Leticia’s/Thai House restaurants and has been dubbed “The Century” – are Below Market Rate (BMR) units which are now on the market and priced at $227,198 for the 849-square foot one-bedrooom and $266,987... Read More »

The Acute Gap In San Francisco’s Housing Production Versus Plan

The Acute Gap In San Francisco’s Housing Production Versus Plan

With 18,087 housing units built in San Francisco since 2007 and another 12,340 units entitled for development, San Francisco is within 2.5 percent of the minimum number of housing units (31,193) that the city was to have delivered or in the works by 2014. While within reach of its... Read More »

Another Battle Brewing Over Plans For Housing On Port Land

Another Battle Brewing Over Plans For Housing On Port Land

The Port of San Francisco has drafted a Memorandum of Understanding for the development of Seawall 322-1, with plans to build affordable housing upon the underdeveloped half-block parcel fronting Front Street between Broadway and Vallejo. The Site is a paved, flat, rectangular land parcel, approximately 37,810 square feet in... Read More »

33 Brand New Mid-Market Apartments For Around A Grand A Month

33 Brand New Mid-Market Apartments For Around A Grand A Month

While the going price for a new studio apartment in San Francisco is averaging over $2,400 a month and Mid-Market one-bedrooms are running closer to $3,500 for 700 square feet of space, eleven (11) of the new one-bedrooms in the 273 unit building nearing completion at 55 Ninth Street... Read More »

From Failed Bites To Building Up On Lombard Street A Bit

From Failed Bites To Building Up On Lombard Street A Bit

A long suffering space for a slew of failed restaurants, the one-story building at 2353 Lombard between Pierce and Scott will be razed and a four-story building with 21 residential units over 2,700 square feet of commercial space will be constructed on the site if approved. The proposed mix... Read More »