"The Board of Supes Land Use and Transportation Committee will consider legislation Monday/29 that would offer a huge financial windfall to market-rate developers at the expense of affordable housing. The measure, by Sup. Bilal Mahmood, would undo decades of city policy mandating that market-rate developers pay to build a limited amount of affordable units at the same time they build their luxury projects."
"Some developers include affordable units in their project mix, so those apartments are available at the same time as the luxury ones. But a lot of others pay fees instead-and those fees are due when construction starts. In theory, this means construction can also start on affordable projects. But Wiener passed a bill in 2024 banning cities from collecting affordable housing fees until the luxury project is complete and open for occupancy."
"California Yimby supported the bill, because it's supposed to make it easier for developers to make more profit on their luxury projects, so more of that type of housing will get built. In the meantime, the affordable units will lag years behind (and if a luxury project gets built, then the units don't sell, and the developer goes into bankruptcy, the affordable housing might never get built at all)."
Legislation before the Board of Supes Land Use and Transportation Committee would shift money to market-rate developers and reduce funding for affordable housing. Sup. Bilal Mahmood’s measure would undo city policy that requires market-rate projects to include a limited number of affordable units concurrently. Many developers pay in‑lieu fees due at construction start, but a 2024 bill by Scott Wiener bars cities from collecting those fees until luxury projects are complete and occupied. California YIMBY supported the state bill to spur luxury construction, but affordable units may be delayed for years or never built if developers fail. Lobby records show a private lobbyist for the San Francisco Deputy Sheriff’s Association met multiple times with Sup. Matt Dorsey about 'Protecting San Francisco.'
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