The City of San Francisco is set to embark on an ambitious development plan that aims to significantly enhance public infrastructure, housing, and open spaces in the coming fiscal year. During a recent government meeting, officials outlined a comprehensive budget of $717.7 million, which includes plans for approximately 22,000 new housing units, with 30% designated as affordable. This initiative is part of a broader strategy to address the city's pressing housing crisis and support local businesses.

Key highlights from the meeting included the commitment to develop 379 acres of parks and open spaces, alongside 13 million square feet of commercial space. Major projects slated for completion include Mission Bay Park and the Transbay Block 3 park, which are expected to provide vital recreational areas for residents. The city also plans to enhance streetscapes and infrastructure in various neighborhoods, ensuring that development is both functional and aesthetically pleasing.

The budget reflects a slight increase from the previous year, with a focus on affordable housing and infrastructure as the primary expenditure categories. Notably, $116 million is allocated for new affordable housing loans, which will support ongoing projects and new developments in Mission Bay and Transbay areas. The housing program aims to maximize density on specific blocks, pending necessary state and local approvals.

In addition to housing, the meeting addressed the importance of public art and environmental reviews associated with new developments. The city is also prioritizing the activation of the former Transbay temporary terminal site, which will be transformed into mixed-use residential projects surrounding a new park.

As the city moves forward with these initiatives, officials emphasized the importance of community engagement and transparency in the development process. The next steps include submitting the budget to the mayor's office and the Board of Supervisors for approval, with the aim of starting construction on key projects as early as mid-2024.

This comprehensive development plan not only aims to alleviate housing shortages but also seeks to create vibrant, accessible public spaces that enhance the quality of life for all San Francisco residents.