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Board adopts revised determination to prioritize lottery buyers and set all eight BMRs at 55% AMI for 1145 Polk Street conversion
Summary
After negotiations among appellants, the project sponsor and city staff, the Board of Appeals agreed to a redlined Letter of Determination that sets all eight on-site BMR units at 55% AMI, prioritizes the lottery list, and confirms deed restrictions for the life of the project; the board granted the appeals 5–0.
The San Francisco Board of Appeals on Wednesday approved an amended Letter of Determination for a 54-unit mixed-use building at 1145 Polk Street, resolving how a developer may convert a project from rental tenure to ownership while preserving affordability for the project’s eight on-site below-market-rate (BMR) units.
Attorney Scott Emblidge, representing one of the appellants, presented a redlined document negotiated with the developer’s counsel and city staff.…
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