Any Title

Check out market updates

Dueling housing measures submitted for June ballot

Ed Lee in one corner; Jane Kim in the other. Who will emerge victorious? The voters will have their say unless these two can compromise and create one plan.
 
Kim’s measure would give the Board of Supervisors the power to determine how much affordable housing new developments must provide. But it would set a floor of 25 percent. That’s to say, even if the board were to fiddle with the numbers, it could never go below 25 percent.
 
The mayor’s measure also says the supervisors get the power to set the percentage. But instead of mandating a 25 percent floor, (the mayor’s office criticizes that number as arbitrary) it says the city controller and Planning Department should figure out the best percentage and then forward legislation to the Board of Supervisors based on that analysis, perhaps on a neighborhood-by-neighborhood basis.
 

Read more here…

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.