The San Francisco Board of Supervisors approved an amendment to the Development Agreement for the 3333 California Street project with Laurel Heights Partners, LLC. The amendment extends the agreement term by eight years to September 11, 2043, modifies affordable housing commitments, allows project eligibility for the Temporary Fee Reduction Program under Planning Code Section 403, and includes a finance plan to utilize incremental property tax revenue for public capital facilities and affordable housing. The changes align with the California Environmental Quality Act and the General Plan, reinforcing the project's long-term viability and community benefits.
This amendment supports long-term infrastructure development, increases affordable housing opportunities, and ensures strategic public investment, benefiting San Francisco's Laurel Heights neighborhood.