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The goal is ambitious yet achievable - to build 5,000 new housing units per year until the year 2050 with at least one third being affordable. The Housing Affordability Strategies m to equip residents, city staff, and policymakers with insights on how various policies and funding strategies can coalesce to enhance affordability while preserving community stability in San Francisco.
The Strategies are designed around three land use concepts that could help reach this goal. Each concept offers a unique approach towards achieving housing affordability; however, they differ significantly in terms of equity implications and accessibility:
East Side: This strategy involves expanding housing capacity through new high-rise buildings around the downtown area and in light industrial zones similar to how development has occurred for the past three decades. This approach is expected to lead to the highest level of inclusionary housing while requiring minimal public subsidies, but it rses significant equity concerns.
Transit Corridors: Here, housing growth would be dispersed across transit routes on the west, south, and north sides of San Francisco through mid-rise buildings. This strategy might decrease displacement concerns by spreading out development pressure and generating substantial amounts of inclusionary housing.
Residential Districts: By removing density limits in residential zones without altering height restrictions, this concept could encourage a transition from single-family homes to multifamily apartments for family members or renters. Under this approach, the focus would remn on transit corridor expansion with lower construction costs expected due to small-scale multifamily development.
Funding Pathways and Opportunities: The analysis suggests that reaching our housing affordability target is achievable but ambitious. Historically, San Francisco's annual affordable housing funding has ranged from $33 million at its lowest point to nearly $200 million during economic booms. To meet the goal of needing $517 million annually in current terms inflation-adjusted, the city must strategize now on expanding funding sources such as:
Future Housing Bonds
A Gross Receipts Tax
Regional Funding Sources
Cost Reduction Strategies: To sustn housing production, San Francisco needs to focus on reducing costs and risks:
Entitlement and Permitting Processes Reform: The City has direct control over reforming these processes.
Construction Cost Reduction: Savings are more likely through growing the skilled construction workforce and facilitating lower-cost building technologies like modular constructions and mass timber.
Community Stabilization Efforts: To tackle immediate affordability issues for vulnerable communities:
Enhancing Tenant Services: Include education, outreach programs, and legal assistance.
Expanding Rental Assistance Programs: Targeting support to residents with severe rent burdens or those at risk of displacement.
Focused Community Investments: Direct resources towards underrepresented communities, particularly the Black community, by implementing Cultural Districts initiatives.
The Housing Affordability Strategies represent a comprehensive framework that can guide decision-makers in enhancing housing affordability while addressing issues such as:
Increasing affordable units and promoting housing opportunities for all San Franciscans.
Reversing demographic shifts affecting racialethnic groups and household structures.
Reducing income inequality and spatial segregation across the city.
These strategies will serve as a foundational guide for:
A comprehensive Citywide housing plan
Immediate adoption of near-term housing strategies
Neighborhood-level planning initiatives
The implementation of these strategies has potential to enhance community stability, reverse population loss from certn demographics, address racialethnic disparities, offer opportunities for families with children and seniors, alleviate rent burdens, decrease eviction rates, among other benefits.
Background:
San Francisco confronts a severe housing affordability crisis where costs have escalated faster than inflation since the late 1990s and intensified during the economic boom post-2011. The combination of insufficient affordable housing, inadequate overall production, and the influx of high-income residents has led to increased cost burdens for households and a decline in low- and moderate-income residents, as well as specific racialethnic groups and household types. This situation highlights the city's need for comprehensive strategies that can improve affordability while addressing equity concerns.
In , San Francisco faces the challenge of providing affordable housing options for its diverse population agnst rising costs and demographic shifts. The Housing Affordability Strategies offer a roadmap towards enhancing community stability and creating opportunities for all residents through strategic planning, funding expansion, cost reduction, and targeted community investments.
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Comprehensive Housing Strategies San Francisco 5 000 Affordable Units Per Year Goal East Side High Rise Expansion Strategy Transit Corridors for Dispersed Growth Residential Districts and Multifamily Transition Funding Pathways for Affordability Increase