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SF staff backs mandatory feasibility study to guide changes in inclusionary housing rules
Summary
City staff told the Rules Committee that a controller- and planning-led feasibility study, repeated every 24 months, is necessary before adjusting inclusionary housing requirements; staff said preliminary modeling shows one-size-fits-all increases risk stalling many small and mid-size projects.
City staff and the mayor's office urged the Rules Committee on Feb. 16 to require a recurring feasibility study before the city raises inclusionary housing obligations for private developers.
Ken Rich of the Office of Economic and Workforce Development told supervisors the proposed ordinance would direct the controller and planning department to complete a study within six months of passage and repeat that analysis every 24 months so the city could adjust requirements up or down with market conditions. "The goal of this initiative ordinance is to establish a pathway to maximize the…
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