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Business and Tax Regulations Code - Transfer Tax Reduction for Union Labor-Built and Union Pension Fund-Financed Housing at 240-6th Street

  • When: 7/16/2024
  • Address: 240-6th Street, San Francisco, CA
  • City: San Francisco
  • State: California
  • Category: Economic Development Incentives
  • Size: 9,625 sqft

Resolution approving the use of a total of $7,150,000 in Open Space Acquisition Funds to acquire and perform necessary environmental remediation on a parcel of real estate located at 240-6th Street. The property will be under the jurisdiction of the Recreation and Park Department, and revenues generated will be used for property-related costs and future park planning.

Why it Matters

The acquisition helps the city improve its recreational offerings and open space, as well as assist in necessary environmental remediation, contributing to the city's long-term planning objectives.

Source

Allowed Uses: Residential and park planning per city acquisition policies, subject to Planning Code Section 101.1