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KamaAina

(78,249 posts)
Wed Jul 8, 2015, 06:45 PM Jul 2015

SF Market Rate Housing Project Goes Fully Affordable

http://missionlocal.org/2015/07/72-south-van-ness-condos-will-now-be-affordable-housing/comment-page-1/

A former gas station on the corner of 16th Street and South Van Ness Avenue that was slated for market rate condos will now be affordable housing, Mayor Lee and District Supervisor David Campos announced today.

The 72-unit project at 490 South Van Ness originally included only 12 affordable housing units....

Mayor Ed Lee and Campos said the effort is a way to tackle the ongoing housing crisis. The announcement comes on the heels of a Planning Department study showing that the city is losing as much affordable housing as it is building.

“A few weeks we did a walk through South Van Ness for the purpose of identifying land that we could, as a city, purchase to build affordable housing,” said Campos. “Whatever land is available we want to build housing.”


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SF Market Rate Housing Project Goes Fully Affordable (Original Post) KamaAina Jul 2015 OP
Meanwhile in Berkeley... daredtowork Jul 2015 #1

daredtowork

(3,732 posts)
1. Meanwhile in Berkeley...
Wed Jul 8, 2015, 11:14 PM
Jul 2015

all we get is more scheming about how the City and the (whiter shade of pale) propertied classes can make money off the speculation that they figure is going to happen anyway. In fact, they do what they can to give the market a boost in order to help "the economy", just as they want to hand their cronies luxury condo projects that no one will ever live in for the sake of "housing". It's all about investors (mostly foreign) and flipping for resale.

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