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Budget analysts: San Francisco had roughly 40,000 vacant housing units in 2019; vacancy tax and buyback models presented
Summary
The Budget and Legislative Analyst reported about 40,458 vacant units citywide (2019 ACS), highlighted rapid growth in "sold but not occupied" and "seasonal/occasional use," and presented vacancy-tax options (Oakland, Vancouver, Washington DC models) and a Barcelona-style temporary possession model; the committee voted to file the report.
The Budget and Legislative Analyst (BLA) presented a comprehensive report showing an estimated 40,458 vacant housing units in San Francisco as of the 2019 American Community Survey, up from roughly 26,400 in 2013. Vice Chair Supervisor Dean Preston said the numbers suggest that activating vacant housing must be part of the citys strategy alongside new production.
Fred Russo of the BLA said the fastest-growing vacancy classification is "sold but not occupied," which accounted for roughly 20% of vacant units and can include investment properties held off the…
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