Housing Balance Report Now Available
On April 25, 2015, the Board of Supervisors passed Ordinance No. 53-15 requiring the San Francisco Planning Department to monitor and report bi-annually on the Housing Balance between new market rate housing and new affordable housing production.
Specifically, the Report will track performance toward meeting the goals set forth by Proposition K and the City’s Housing Element. In November 2014, San Francisco voters endorsed Prop K, setting a goal of 33% of all new housing units to be affordable. Housing production targets in the City’s Housing Element adopted in April 2015 includes 28,870 new units built between 2015 and 2022, 57% of which should be affordable.
The findings in the first report include that thirty percent (30%) of net new housing produced in the last ten years has been affordable, and the Citywide Cumulative Housing Balance for the 2005-2014 Housing Balance Period is 21%, although this varies by districts.
To view the full memo produced by San Francisco Planning, click here.
Other documents can be viewed on the Housing Balance Report web page.