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Commission approves seller’s request to pay $6.8M in‑lieu fee instead of on‑site inclusionary units at 1546–1564 Market
Summary
By a 5–2 vote, the Planning Commission allowed a change in the elected method of compliance with the inclusionary housing program for the 12‑story building at 1546–1564 Market Street, accepting an in‑lieu fee payment of about $6.8 million rather than the on‑site affordable units.
The Planning Commission voted 5–2 to approve a downtown project authorization allowing the owner of the 12‑story building at 1546–1564 Market Street to satisfy its inclusionary housing obligation by paying the in‑lieu fee rather than providing on‑site below‑market-rate (BMR) units.
Planning staff presented the request as an amendment to the project’s elected method of compliance with the city’s inclusionary housing program.…
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