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Planning Commission approves hybrid inclusionary plan for 55 Laguna, preserving senior LGBT housing
Summary
The San Francisco Planning Commission unanimously approved modified conditions for the 55 Laguna project allowing a hybrid inclusionary approach: a minimum of about 32 and up to 50 on‑site below‑market units, with a developer fee option of up to approximately $6.3 million to meet requirements, while retaining 110 affordable senior units.
The San Francisco Planning Commission voted unanimously on Aug. 4, 2011, to approve a revised conditional use authorization for the mixed‑use project at 55 Laguna Street that permits a hybrid inclusionary housing approach combining on‑site below‑market‑rate (BMR) units with a developer fee.
Planning department staff said the modification would allow the market‑rate developer to provide a minimum of roughly 10 percent (about 32 units) and up to 15 percent (about 50 units) of the market‑rate component as on‑site BMR family rental units. If fewer than 15 percent are provided on site, the developer may pay an affordable housing fee of up to approximately $6,300,000 to comply with planning code section 415. The decision preserves the previously approved senior affordable component — about 110 units to be developed by…
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