Charter amendment to impact San Francisco developers

  • Recently approved Proposition A and recent call for amendment paint San Francisco as a city that's very focused on affordable housing.
  • Building multifamily will become more costly moving forward in the Bay Area.
  • Both San Francisco and Oakland are looking to increase requirements of residential developers.

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San Francisco’s mayor and board of supervisors are pursuing a charter amendment for the next November’s ballot that would require developers to include more below market-rate housing in new residential developments. This pursuit by Mayor Ed Lee comes after voters passed San Francisco’s largest ever housing bond, Proposition A, in early November.