Affordable Housing May Be Required in San Francisco Redevelopment
<p>A measure to require half of all new housing units in San Francisco's planned redevelopment of Bayview-Hunters Point is heading to the city's June ballot. The developer says the measure will kill the project.</p>
"An initiative to require that half of the new homes built as part of a major redevelopment of Bayview-Hunters Point be sold and rented at below-market rates has qualified for San Francisco's June ballot."
"The developer behind the project says that the measure, if successful, would kill plans to remake the troubled neighborhood."
"Supervisor Chris Daly is the major backer of the initiative that mandates half of the 10,000 new homes planned for the Hunters Point shipyard and Candlestick Point be priced at rates affordable to people earning 30 to 80 percent of the city's median income, or $64,267 for a family of four."
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Published on Friday, March 7, 2008 in
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