We are aware that there is significant interest in how the project intends to meet its Below Market Rate (BMR) housing requirement. There are a number of conversations happening at City Hall and in the community about how to best address San Francisco’s housing crisis and our team is deeply involved in these discussions.
In response to the City’s housing crisis, San Francisco’s Board of Supervisors unanimously changed zoning along the Divisadero and Fillmore corridors. This allows more homes for families, without changing the height, building size or appearance, so to preserve the visual neighborhood character. While the previous zoning limited the site to 50 families with large expensive condos, the new zoning allows homes for 177 families with smaller apartments. These include both “affordable by design” market rate homes and on-site BMR homes. This more than triples both the total and BMR housing, while reducing prices of market rate homes, in a building of the same size and height. The result is housing is for families in the “middle” who want to live in San Francisco, caught in the gap where they do not qualify for subsidized affordable housing, yet are unable to afford to purchase a house or condo.