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San Francisco Amends Planning Code to Streamline Affordable Housing Financing and Non-Potable Water Exemption

  • When: 2024/10/24
  • Address: Citywide
  • City: San Francisco
  • State: CA
  • Category: Zoning Code Modification
  • Subcategory: Process updates
  • Asset Class: Multifamily
  • Property Type: Affordable Housing
  • Planning Department: True

The ordinance amends the Planning Code to simplify the use of California Debt Limit Allocation Committee (CDLAC) tax-exempt bond financing and Tax Credit Allocation Committee (TCAC) tax credits for affordable housing projects. It allows projects to access these financing programs even if they provide additional affordable units or deeper affordability levels beyond existing requirements, and references sections 415A and 415B. Additionally, it amends the Health Code to exempt such affordable housing projects from non-potable water use requirements. The goal is to make affordable housing projects more financially feasible and increase the supply of deeply affordable units.

Source

Applicant - Mayor Breed


Mayor Breed

City Representative - Veronica Flores