A new fee would add an estimated 6 percent to the cost of building new office space in San Francisco, yet not many from the business community resisted the new costs.
"[I]n San Francisco, which has seen jobs grow 38% since 2010, legislation to double a fee on office development over the next few years breezed through the legislative process, winning unanimous support on Tuesday from the Board of Supervisors," reports J.K. Dineen.
"The increase in the one-time fees creates an additional $170 million for affordable housing, for a total of $385 million over the next five to seven years," according to Dineen.
The legislation didn't meet much resistance, despite predictions by City Economist Ted Egan that the fee would cost the city in job creation capacity, because of the intense need for affordable housing in the city.
FULL STORY: New SF fee on office buildings to pay for affordable housing sails through
San Francisco to Reconsider Inclusionary Zoning as Development Slows to a Crawl
Critics of inclusionary zoning frequently point to San Francisco as an example of what not to do. A sluggish year of development has some local politicians ready to reconsider the city’s program.
900 Affordable Housing Units on Multiple Sites Planned by San Francisco
The city has selected developers for an ambitious approach to affordable housing development on nine sites across the city.
More Housing Could Increase Affordability If You Build It in the Right Places
Focusing on zoning in hot-market urban centers misses economic realities—and major opportunities.
Analysis: Cybertruck Fatality Rate Far Exceeds That of Ford Pinto
The Tesla Cybertruck was recalled seven times last year.
National Parks Layoffs Will Cause Communities to Lose Billions
Thousands of essential park workers were laid off this week, just before the busy spring break season.
Retro-silient?: America’s First “Eco-burb,” The Woodlands Turns 50
A master-planned community north of Houston offers lessons on green infrastructure and resilient design, but falls short of its founder’s lofty affordability and walkability goals.
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Analysis: Cybertruck Fatality Rate Far Exceeds That of Ford Pinto
The Tesla Cybertruck was recalled seven times last year.
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