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It 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
by abalone 10y ago
It 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...