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Committee backs amendments to steer small-project affordable-housing fees into local small-sites acquisitions
Summary
Supervisors recommended that fees from smaller market-rate residential projects be eligible for small-sites acquisition funding, with two amendments: limit use to the impacted neighborhood (not a 1-mile radius) and clarify eligibility to 24-unit projects to align with Prop C; MOHCD reported the small sites program has preserved 78 units to date and has $51.5M invested.
Supervisor David Campos and Mayor Lee jointly sponsored an ordinance to let developers of smaller market-rate residential projects direct inclusionary housing fees into the city’s small sites acquisition program so fees remain in the neighborhoods where development occurs. Campos offered two amendments: require fees be used within the immediate neighborhood (rather than the current 1-mile radius) and change eligible principal projects to 24 units rather than 25 to align with Prop C affordability…
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