Forcing Below-market Housing Units
A proposed law in San Francisco would make below-market housing units mandatory for all new development.
"In pricey San Francisco, where only one in 13 families can afford to buy a modest home, the Board of Supervisors voted yesterday to force residential developers to include affordable units in their projects. The proposal by Supervisor Mark Leno requires builders who construct 10 or more units to offer at least 10 percent of those units at cheaper prices, or pay a fee that would go to an affordable-housing fund."
Thanks to Tom Collins
Full Story:
Published on Tuesday, March 19, 2002 in
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