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Commission approves in‑lieu fee option for 986 South Venice inclusionary obligation
Summary
The commission approved a mandatory discretionary review allowing the owner of 986 South Venice (building permit 20189140274) to satisfy inclusionary housing obligations by paying an in‑lieu fee under Planning Code section 415.5(g)(3). Staff said the owner is negotiating with United to Save the Mission and nonprofit buyers; the vote was unanimous 5–0.
At the Nov. 21, 2024 meeting, department staff presented a mandatory discretionary review for 986 South Venice (building permit 20189140274). Ada Tan told the commission the building is constructed (five stories, 15 units) and that under previous approvals the project was required to provide two below‑market‑rate (BMR) units on site and had agreed to provide one voluntary BMR. Due to current market conditions, the owner requested…
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