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Committee recommends Market Street project exchange that dedicates 101 Hyde for deeper affordability
Summary
The committee forwarded two linked items: a resolution approving conveyance for an 85-unit project at 1066 Market Street and an ordinance to waive inclusionary requirements in exchange for the dedication of 101 Hyde Street; planning staff said dedication would allow creation of more deeply affordable units and exempt 21,422 sq ft from floor-area calculations.
The Land Use and Transportation Committee considered Items 4 and 5 together: a resolution approving conveyance of real property for construction of an 85-dwelling-unit project at 1066 Market Street and an ordinance to waive certain inclusionary housing requirements for that project in exchange for dedicating property at 101 Hyde Street to the city.
Tina Chang of the Planning…
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