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Board approves Mission Bay amendment allowing 129-unit project with 26 units at 90% AMI
Summary
The Board of Supervisors and successor agency approved an amendment permitting a developer to build a market-rate rental project on the last Mission Bay North parcel with 26 moderate‑income units set at 90% AMI, reducing an earlier 80-unit moderate-income obligation due to feasibility concerns.
The San Francisco Board of Supervisors acting in its successor‑agency capacity approved a conditional amendment to the Mission Bay North owner participation agreement that clears the way for a 129‑unit market‑rate rental project on parcel N4P3 and requires 26 on‑site moderate‑income units targeted to households at up to 90% of area median income (AMI).
The vote came after staff and the developer told the board that the final Mission Bay North parcel was uniquely difficult to develop without reducing the percentage and depth of on‑site moderate affordability. Supervisor Jane Kim, who brought the item forward, said the amendment will allow the last…
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