TBI reports over 1000 new housing units from high-value projects in June 2022
July 20, 2022 | San Francisco City, San Francisco County, California
This article was created by AI summarizing key points discussed. AI makes mistakes, so for full details and context, please refer to the video of the full meeting. Please report any errors so we can fix them. Report an error »
San Francisco is set to see a significant boost in housing availability as the Department of Building Inspection (DBI) reported the filing of several high-value construction projects. In June 2022 alone, seven permit applications were submitted, each with an estimated construction value of $5 million or more, collectively valued at over $575 million. These projects are expected to add approximately 1,500 new housing units to the city.
Among the notable projects is the South Van Ness development, which will feature 966 units and is valued at $430 million. Additionally, the Balboa Reservoir project will contribute 151 affordable housing units, with a construction valuation of $80 million.
In the previous month, DBI issued three high-value permits totaling over $101 million, which will facilitate the construction of 178 new housing units. This includes a permit for the 55 Bruton project on Treasure Island and a major renovation of the San Cristina building at 1000 Market Street, which will provide 58 units of permanent supportive housing at a cost of $10 million.
Furthermore, DBI has completed six high-value projects, including 800 Indiana Street, which adds 326 new units, and 242 Hahn Street, which brings 167 new 100% affordable housing units online. The combined construction valuation for these completed projects is approximately $195 million.
In addition to housing developments, the meeting also included an update on DBI's finances. New finance manager Junko Laksamana provided insights into the department's financial status, noting that the revenue and expenditure figures for June 2022 are still being finalized, with complete numbers expected by September.
These developments underscore San Francisco's ongoing efforts to address housing shortages and enhance community assets, reflecting a proactive approach to urban growth and sustainability.
Among the notable projects is the South Van Ness development, which will feature 966 units and is valued at $430 million. Additionally, the Balboa Reservoir project will contribute 151 affordable housing units, with a construction valuation of $80 million.
In the previous month, DBI issued three high-value permits totaling over $101 million, which will facilitate the construction of 178 new housing units. This includes a permit for the 55 Bruton project on Treasure Island and a major renovation of the San Cristina building at 1000 Market Street, which will provide 58 units of permanent supportive housing at a cost of $10 million.
Furthermore, DBI has completed six high-value projects, including 800 Indiana Street, which adds 326 new units, and 242 Hahn Street, which brings 167 new 100% affordable housing units online. The combined construction valuation for these completed projects is approximately $195 million.
In addition to housing developments, the meeting also included an update on DBI's finances. New finance manager Junko Laksamana provided insights into the department's financial status, noting that the revenue and expenditure figures for June 2022 are still being finalized, with complete numbers expected by September.
These developments underscore San Francisco's ongoing efforts to address housing shortages and enhance community assets, reflecting a proactive approach to urban growth and sustainability.
View the Full Meeting & All Its Details
This article offers just a summary. Unlock complete video, transcripts, and insights as a Founder Member.
✓
Watch full, unedited meeting videos
✓
Search every word spoken in unlimited transcripts
✓
AI summaries & real-time alerts (all government levels)
✓
Permanent access to expanding government content
30-day money-back guarantee
