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Committee forwards rental‑incentive agreements for two Dogpatch developments totaling 353 units
Summary
The committee voted to forward two resolutions approving rental incentive agreements for projects at 2051 Third Street (93 units) and 1201 Tennessee Street (259 units). The projects together would provide 353 rental units deed‑restricted for at least 30 years under Planning Code section 4.19.5.
The Land Use and Economic Development Committee unanimously forwarded two resolutions approving rental incentive agreements that obligate developers to deed‑restrict new dwelling units as rentals for at least 30 years in exchange for reduced inclusionary housing and lower Eastern Neighborhoods impact fees.
Planning Department staff (Kate Connor) summarized the projects: 2051 Third Street is a six‑story building with 93 dwelling units (33 studios, 22…
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