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Board adopts updated jobs-housing linkage fee, phasing increases and new affordability commitments
Summary
The Board of Supervisors unanimously passed an ordinance updating the jobs-housing linkage fee to raise rates, phase in increases for projects in the pipeline, add options for compliance, and dedicate revenue to permanent supportive housing and preservation.
Supervisor Matt Haney introduced an ordinance updating San Francisco’s jobs-housing linkage fee and urged colleagues to approve the amended measure that phases in higher fees for new developments and directs revenue to affordable and supportive housing.
The ordinance, passed as amended on Oct. 29, 2019, phases in fee increases so projects already in the pipeline pay a lower initial rate, raises laboratory and larger-office rates, and requires a new nexus and feasibility study every five years. "This legislation will lead, estimated, dollars 400,000,000 of increased investment in affordable housing, over the next 8 years alone," Supervisor Matt Haney said while presenting the proposal.
The fee update aims to better align job growth with housing production, particularly for low- and moderate-income workers,…
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