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Panel advances change to student-housing master-lease term from five years to two
Summary
Committee members advanced an ordinance to reduce the required master-lease duration for student housing from five years to two years to lower barriers for smaller educational institutions; Planning staff said enforcement relies on annual reporting and penalties under existing inclusionary-housing rules.
The Land Use and Transportation Committee forwarded an ordinance to the full Board that would amend the Planning Code to reduce the minimum master-lease term for student housing from five years to two years.
Andres Powers, representing Supervisor Scott Wiener’s office, said San Francisco faces an estimated shortfall of roughly 40,000 student beds and argued that the five-year master-lease requirement has…
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