Re:Housing in the Bay Area
by TheCoelacanth on Thursday May 26, 2016 @10:59AM
(#11778416)
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?
[ Parent
| on HN ]
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/201...