YEO Policy Books 2014 Policy Book | Page 23

Mixed Housing Ballot Measure Issue: Defending Workers & Families Target Level of Office: Local Policy Origin: Office of the Mayor and San Francisco Board of Supervisors, California Link: www.YEONetwork.org/2013policy/?i=202 YEO Sponsor: Supervisor Jane Kim (Primary Co-Author) Summary Narrative of the Policy: To amend the Planning Code to establish, in the approval and construction of new housing, a balance of 70:30 between market rate housing and affordable housing. Additionally, this measure requires a conditional use permit for new market rate housing if the balance of affordable housing is not maintained. Relevant Talking Points & Important Information: • Decent and affordable housing has far-reaching consequences for people’s health, quality of life, and access to opportunities. In fact, housing policies can mitigate extreme income inequality in Ame rican cities because affordable housing secures a place for lowto moderate-income people in communities with recovering economies, growing tax bases, and improved services. • Affordable housing is national problem, but it’s even more inaccessible in high density metropolitan areas. Since 1990, San Francisco has developed a track record of building with 30 percent affordable housing; however, that ratio is quickly slipping away as new market rate approvals far outstrip funding for affordable housing. This creates an opening for displacement and gentrification as long-term residents find it difficult to afford living in their own neighborhoods. • This measure is intended to link market rate development to affordable housing production by setting a goal of at least 30 percent affordable housing and establishing stricter conditions on approvals of market rate housing. It also increases funding for below-market-rate developments whenever the city falls below the 30 percent threshold. Policy 2014 Book Local Level 23