San Francisco approves development agreement for 100% affordable housing projects
July 13, 2023 | San Francisco County, California
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The San Francisco County government meeting held on July 4, 2025, focused on a significant development agreement concerning multiple housing projects in the city. The primary agenda item was an ordinance approving a development agreement between the city and county of San Francisco and 98 Franklin Street, LLC, aimed at revitalizing real estate at 98 Franklin Street and other nearby locations.
The proposed agreement encompasses three parcels located in the Van Ness and Market residential special district. It seeks to waive certain provisions of the administrative code and includes findings under the California Environmental Quality Act. The agreement also aligns with the city’s general plan and priority policies, emphasizing public necessity and welfare.
The development agreement is designed to facilitate a mixed-use project at 98 Franklin Street, which has faced delays since its rezoning in 2020. This project will include a new high school and aims to provide 100% affordable housing at two of the three sites, totaling up to 671 homes. The initiative is seen as a "quadruple win," as it promises to deliver a new high school, affordable housing, and a renewed commitment to housing development in the city.
Additionally, the agreement includes a land dedication for the city to develop affordable housing and allocates $1 million towards predevelopment costs for a long-stalled affordable housing project at Parcel K in Hayes Valley. The meeting highlighted the importance of this agreement as a step towards fulfilling a 20-year-old promise to build affordable housing in the area.
The discussion also introduced a new site at 600 McAllister Street, which is closer to the 98 Franklin site and has entitlements for a higher number of affordable units compared to the previously considered site. This change is expected to increase the number of affordable homes available to working families in San Francisco.
The meeting concluded with a presentation from city officials, emphasizing the collaborative effort behind the development agreement and its potential to address the city's housing needs. Public comments were invited, allowing community members to voice their opinions on the proposed developments.
The proposed agreement encompasses three parcels located in the Van Ness and Market residential special district. It seeks to waive certain provisions of the administrative code and includes findings under the California Environmental Quality Act. The agreement also aligns with the city’s general plan and priority policies, emphasizing public necessity and welfare.
The development agreement is designed to facilitate a mixed-use project at 98 Franklin Street, which has faced delays since its rezoning in 2020. This project will include a new high school and aims to provide 100% affordable housing at two of the three sites, totaling up to 671 homes. The initiative is seen as a "quadruple win," as it promises to deliver a new high school, affordable housing, and a renewed commitment to housing development in the city.
Additionally, the agreement includes a land dedication for the city to develop affordable housing and allocates $1 million towards predevelopment costs for a long-stalled affordable housing project at Parcel K in Hayes Valley. The meeting highlighted the importance of this agreement as a step towards fulfilling a 20-year-old promise to build affordable housing in the area.
The discussion also introduced a new site at 600 McAllister Street, which is closer to the 98 Franklin site and has entitlements for a higher number of affordable units compared to the previously considered site. This change is expected to increase the number of affordable homes available to working families in San Francisco.
The meeting concluded with a presentation from city officials, emphasizing the collaborative effort behind the development agreement and its potential to address the city's housing needs. Public comments were invited, allowing community members to voice their opinions on the proposed developments.
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