The limitations of affordable housing funds are apparent in San Francisco, raising the question of where and how the process of building affordable housing can be improved.
"Almost all of the money San Francisco dedicated to building new affordable housing in the Mission District has been allocated to a single project that will cost some $300,000 per unit in city funds," reports Joe Rivano Barros.
The money came from a $310 million housing bond approved by voters in November 2015. $50 million of that bond was allotted for the heavily contested Mission District. Of that total, $43 million "will go to a recently-approved fully affordable 143-unit project at 1990 Folsom St. on the corner of 16th Street."
"That leaves just $7 million for future spending in the neighborhood, since all of the other funds in the housing bond for new construction have already been allocated to other housing projects citywide," adds Barros. The $43 million from the city doesn’t even pay half the price tag for the new building, which will total $103 million for 143 units when all is said and done.
FULL STORY: Mission Affordable Housing Funds Almost All Spent
Op-Ed: Housing Could Have Fared Better in San Francisco Election
This month's election yielded mixed results on housing. The pros: a solid victory for pro-housing Mayor London Breed and two affordable housing measures. The con: likely more anti-housing sentiment on the Board of Supervisors.
San Francisco Voters Express Frustration with Tent Living
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San Francisco voters rejected a moratorium on market rate housing in The Mission (Prop. I) and tighter restrictions on Airbnb (Prop. F), while approving the city's largest-ever housing bond (Prop. H) and a large mixed-use development.
Pennsylvania Mall Conversion Bill Passes House
If passed, the bill would promote the adaptive reuse of defunct commercial buildings.
Coming Soon to Ohio: The Largest Agrivoltaic Farm in the US
The ambitious 6,000-acre project will combine an 800-watt solar farm with crop and livestock production.
World's Largest Wildlife Overpass In the Works in Los Angeles County
Caltrans will soon close half of the 101 Freeway in order to continue construction of the Wallis Annenberg Wildlife Crossing near Agoura Hills in Los Angeles County.
California Grid Runs on 100% Renewable Energy for Over 9 Hours
The state’s energy grid was entirely powered by clean energy for some portion of the day on 37 out of the last 45 days.
New Forecasting Tool Aims to Reduce Heat-Related Deaths
Two federal agencies launched a new, easy-to-use, color-coded heat warning system that combines meteorological and medical risk factors.
AI Traffic Management Comes to Dallas-Fort Worth
Several Texas cities are using an AI-powered platform called NoTraffic to help manage traffic signals to increase safety and improve traffic flow.
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Barrett Planning Group LLC
HUD's Office of Policy Development and Research
Mpact Transit + Community
HUD's Office of Policy Development and Research
Tufts University, Department of Urban and Environmental Policy & Planning
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ULI Northwest Arkansas
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