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Committee forwards 950 Market / 180 Jones package to Board after debate over fiscal assumptions
Summary
The committee advanced ordinances enabling 950 Market development and dedication of 180 Jones for roughly 60 off‑site affordable units (targeting 40% AMI), recording a $2.7 million gift and a larger community benefits package; members pressed for stronger, standardized fiscal vetting after MOHCD presented revised analyses showing the developer’s net benefit depends heavily on sales‑price inflation assumptions.
The Land Use & Transportation Committee voted on Feb. 13 to send ordinances for the 950 Market / 180 Jones package to the full Board with a positive recommendation after a week of supplemental analysis and extensive public comment.
Sponsor Supervisor Jane Kim described a negotiated package with developer Group I that dedicates the 180 Jones parcel for at least 60 step‑up affordable rental units (intended for households at about 40% area median income) and seeds a $300,000 fund for the Compton’s District cultural initiative. The ordinance also establishes an 180 Jones affordable housing fund and accepts a $2,700,000 gift referenced in the ordinance; Kim said the developer committed additional voluntary benefits and land dedication that community groups negotiated over many months.
Committee members pressed city staff for a clearer fiscal accounting. Chair Mark Farrell said earlier materials — notably a…
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