The Housing Accelerator Fund is committed to the preservation and expansion of quality affordable housing for economically disadvantaged individuals and families throughout the greater San Francisco Bay Area. An innovative nonprofit public-private partnership and certified Community Development Financial Institution (CDFI), HAF works with community-based organizations, local governments, and private and philanthropic institutions to provide powerful new financing tools that accelerate housing solutions for the Bay Area’s most vulnerable residents. This includes the newly launched Industrialized Construction Catalyst Fund as well as the Bay Area Housing Innovation Fund and other tailored financing products. Visit us at www.sfhaf.org...(more)
Planning Commission rejects landlord plan to convert SRO rooms to tourist hotels
By Tim Redmond : 48hills – excerpt
In a huge victory for tenants, the Planning Commission rejected tonight a permit that would have allowed a residential hotel owner to convert 72 rent-controlled units to tourist use.
The voted sent a clear message to landlords: The city won’t reward you for intentionally keeping low-cost units off the market.
The vote was 5-2, with Commissioners Amy Campbell and Sean McGarry, both appointees of former Mayor London Breed, siding with the landlord...(more)
RELATED:
Commissioners also voted to support Connie Chan’s noticing legislation that seeks to return to the more traditional public noticing system.
Some San Francisco Affordable Housing Units Renting For More Than Market-Rate Units
By Susie Steimle : cbslocal – excerpt
SAN FRANCISCO (KPIX 5) — Tenants living in so-called affordable housing units are now in many cases paying more than their market-rate neighbors.
These affordable units are not tied to the traditional real estate market fluctuations and hopeful tenants like Christine McDow say they should be…
According to Apartment List rents in San Francisco are down 27% since the start of the pandemic. A one-bedroom used to average $3,500 a month; now it’s down to $1,983.
Below Market Rate (BMR) units haven’t seen rent drops; in fact, in Dave Osgood’s building, they’re seeing rent increases…
“The so-called below market and market-rate seem to be merging,” Osgood said.
There are 76 below-market-rate units at The Towers at Rincon Apartments, Osgood says all year he’s seen people move out as cheaper market-rate units become available.
“There may be as many as 20% of them empty,” Osgood said…(more)
Unbelievable until you look at the city codes that have been heavily crafted by developer friendly lawyers and there are more layers than most people are aware of until someone files a lawsuit and starts looking for excuses to support their side. With luck, some of these can be fixed as they are exposed.
‘No Slums In The Sunset’: Backlash over affordable housing development intensifies in western S.F. neighborhood
By J. K. Dineen : sfchronicle – excerpt
In early January, anonymous attack posters were slipped into mailboxes and left on doorsteps in San Francisco’s Sunset District.
The poster read, “No Slums In The Sunset.” It informed residents that a “7-story, 100-unit high-rise slum” was planned for the neighborhood and predicted that within two years the property in question — at 26th Avenue and Irving Street — would “become the best place in San Francisco to buy heroin.”…
This looks like too much too soon. A gradual approach to change might be the best solution. Also consider building more larger family style units instead of small crowded units. Someone needs to look into the actual density of people in the family units compared to the density of the microunits. 3 kitchen and bathrooms instead of a shared kitchen and 1.5 baths should cost less to build as the plumbing is the most expensive part of the job. Less bathrooms in a larger, more flexible living space may be a better fit for humans and cost less to produce.
