88 Broadway development site/Google Maps screenshot The developers for a sizable affordable housing project in San Francisco's northeast waterfront have been selected, while amendments to the city's inclusionary housing requirements remain a hot topic. BRIDGE Housing and John Stewart Co. have been selected by the city to develop a 182-unit project dubbed 88 Broadway. Of the units, 130 apartments will be reserved for families earning 50 percent to 120 percent of the area median income (AMI). The other 52 units will be for seniors earning 40 percent to 70 percent of AMI. Alocal operating support subsidy will allow 37 of the units to be set aside for formerly homeless households. The proposed development also includes approximately 11,400 square feet of retail/commercial space, some of which will be occupied by a mixed-income childcare center operated by the YMCA of San Francisco. Ties to the bay Both BRIDGE and John Stewart have previous experience developing affordable...
- John Stewart Co. has recently been an active developer of affordable housing in San Francisco.
- Earlier this week, the city's Board of Supervisors approved inclusionary housing legislation that would allow the board to adjust developer requirements.
- Charter amendment to the city's inclusionary housing requirements will go to a public vote in June.
Future-Proof: Navigate Threats, Seize Opportunities at ICNY 2018 | Jan 22-26 at the Marriott Marquis, Times Square, New York