Last Tuesday a super-majority of the Board voted to delay a market-rate development at 469 Stevenson. For context, San Francisco has far exceeded our ABAG-determined goal for new market rate housing from 2015-2022, with over 18,000 units built and over 56,000 in the pipeline. (1)
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We have only built 6,000 new below market rate units, with 13,000 in the pipeline. When we’re hitting 148% of our market rate target and only 35% of our below market rate target, both of which will substantially increase in the next RHNA cycle, something is seriously wrong. (2)
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469 Stevenson fell far short of the affordability percentages negotiated in similar projects such as the 5M and Mission Rock developments, the affordable target set by SF voters in Prop K, and the 33% goal that the BOS approved for the Central SOMA Plan. (3)
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In addition, the Planning Department conducted an insufficient Environmental Impact Review, neglecting to address the land use impact of a project over two times the size allowed by existing zoning, which already allows taller & denser development than most of the City. (4)
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Curious: are there changes to Planning Department process/policy you'd like to pursue or propose which would ensure that it doesn't produce EIRs you find insufficient in this way in the future?