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Commission approves nonprofit HOME SF project at 5250 Third Street with 70% affordability finding
Summary
The Planning Commission approved a HOME SF project at 5250 Third Street, adding a findings item reflecting the sponsor's pledge to deed‑restrict 70% of units (80–140% AMI range) and a green wall condition; the motion passed 6–1.
The Planning Commission voted June 16 to approve a HOME SF project authorization for a proposed seven‑story building at 5250 Third Street that will create 100 units, including 30 units required under HOME SF and an additional voluntary commitment by the project sponsor to deed‑restrict 70 units.
The sponsor, a newly formed nonprofit called the Affordability Project, told the commission it will own the building and pledged to restrict a minimum of 70% of units as…
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