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Doesn't the bill only apply to developments with at least 10% onsite affordable housing? Is the city really going to negotiate a higher amount than that?
by TheCoelacanth 10y ago
Doesn't the bill only apply to developments with at least 10% onsite affordable housing? Is the city really going to negotiate a higher amount than that?
- abalone 10y agoIt allows for as little as 5%. Some in the city are fighting for more. For example Jane Kim, the SF supervisor who Bernie Sanders just endorsed for state senate, is fighting for 25% (down from 30%).[1] Basically this state bill is a developer move to undercut SF's negotiating position, as they have more political influence at the state level. [1] http://www.bizjournals.com/sanfrancisco/blog/real-estate/2016/01/sf-affordable-housing-jane-kim-charter-ballot.html http://www.bizjournals.com/sanfrancisco/blog/real-estate/201...