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Board approves land dedication deal to convert 101 Hyde into 87 permanently affordable units
Summary
Supervisors unanimously approved an agreement that waives inclusionary requirements for a Market Street project in exchange for dedicating 101 Hyde Street to the Mayor's Office of Housing for development of permanently affordable housing and providing $6.5 million in development funds.
The Board of Supervisors unanimously approved legislation allowing a Market Street development sponsor to waive inclusionary requirements for a project at 1066 Market Street in exchange for dedicating the nearby 101 Hyde Street parcel to the city for the construction of 87 permanently affordable units.
Supervisor Jane Kim, who brought the item forward, described the result as a community-driven deal: a…
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