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Supervisor Kim says higher in-lieu fee at 181 Fremont will fund dozens more affordable units
Summary
Supervisor Kim described a negotiated $13.85 million in-lieu fee at 181 Fremont that would fund an estimated 69 affordable rental units off-site, arguing the higher fee yields more affordable units than an 11-unit on-site requirement.
San Francisco'14In remarks during the Board of Supervisors meeting, Supervisor Kim outlined a negotiated in-lieu fee for the 181 Fremont project in the Transbay area that she said would produce substantially more affordable rental units than the project's originally proposed on-site inclusionary units.
Kim said the developer—s original offer was 11 on-site Below-Market-Rate (BMR) units out of 74…
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