San Francisco loses eight affordable units for every ten it creates according to a new report by the San Francisco Planning Department.
"The San Francisco Planning Department released its first ever 'housing balance report," reports Cory Weinberg. The report basically provides a report card on the city's production of affordable housing. In the process, according to Weinberg, the report "underlines a complex reason why the city is failing: It’s not enough for the city to build affordable units. It has to save them, too."
The report finds that 6,559 deed-restricted affordable housing units were created in the city since 2005. Over the same period, however, the city lost 5,470 rent-controlled affordable units.
The article includes analysis about the report's findings from figures like Supervisor Jane Kim, Sarah Dennis-Phillips of San Francisco’s Office of Economic and Workforce Development, Carol Galante, who heads the University of California, Berkeley’s Terner Center for Housing Innovation, and Kate Hartley, deputy director of the Mayor's Office of Housing and Community Development.
FULL STORY: S.F. loses affordable housing almost as quickly as it builds it
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