What's Hot: The 4 Projects in the Works (Or on Hold) Near DC's Starburst Intersection | This Week's Find: Fit For Art in the Palisades
San Francisco Considers Moratorium on Market Rate Development

Rendering of a Mission District Development that recently added four affordable units
The affordable housing crisis in one San Francisco neighborhood has gotten so dire that city officials considered temporarily halting the construction of residential development there altogether.
The San Francisco Business Times reported Wednesday morning that a 45-day moratorium on market-rate development in the Mission District of San Francisco failed to pass the Board of Supervisors in a close vote Tuesday evening.
The 45-day moratorium would have stopped the city from approving or issuing permits for any market rate multifamily housing in the Mission District. It failed to pass after an eight-hour hearing in a 7-4 vote. Nine votes were needed.
Advocates hoped the ban would pressure city officials into finding a long-term solution to the city’s growing housing affordability issue. However, some supervisors voted against it, believing it’d do more harm than good and that a long-term solution can be found without the temporary ban. High rent prices have caused approximately 8,000 Latinos to move out of the neighborhood.
The moratorium would have delayed about $7.2 million in fees that developers pay to the city in lieu of building affordable units. That money is supposed to be used for other affordable housing projects. Ultimately, because of this, supervisors who voted against the ban, said the delay of the money would have harmed the same population the ban is supposed to protect.
Instead, the mayor’s office and some neighborhood advocacy organizations are pursuing a multifaceted plan of rezoning, fundraising and a potential $250 million housing bond which they hope will result in longer-term relief.
A ballot initiative will come to vote in November if advocates acquire 9,400 signatures in support, meaning this may not be the last we hear of the moratorium.
This article originally published at https://dc.urbanturf.com/articles/blog/san_francisco_considers_market_rent_development_ban/9959.
Most Popular... This Week • Last 30 Days • Ever

Our guide for amateur landlords who don't really know what they're doing.... read »

The Massachusetts Avenue Heights home was previously owned by the former chief execut... read »

A large new apartment and townhouse project has been pitched for the growing pipeline... read »

On Friday, Mayor Muriel Bowser and the Office of the Deputy Mayor for Planning and Ec... read »

In this week's Under Contract, we highlight two homes that found buyers just shortly ... read »
- The Essential Guide to Being an Amateur Landlord in DC
- Washington Spirit Owner Michele Kang Lists DC Home for $14.5 Million
- A Two-Phase, 370-Unit Development Pitched For Columbia Pike Gas Station Site
- Apartments, A Plaza + Dave Chapelle: The Future Plans for 14th and U
- Under Contract: That Didn't Take Long
DC Real Estate Guides
Short guides to navigating the DC-area real estate market
We've collected all our helpful guides for buying, selling and renting in and around Washington, DC in one place. Visit guides.urbanturf.com or start browsing below!
First-Timer Primers
Intro guides for first-time home buyers
Unique Spaces
Awesome and unusual real estate from across the DC Metro