San Francisco approves Mills Act for historic property at 714 Steiner Street

A significant resolution was passed at the recent San Francisco County government meeting, approving a historical property contract for 714 Steiner Street, a notable Victorian building in the Alamo Square historic district. This contract, facilitated under the Mills Act, allows for property tax reductions in exchange for the maintenance and rehabilitation of recognized historic resources.

Supervisor Aaron Peskin, who introduced the resolution, emphasized the importance of the Mills Act in preserving San Francisco's architectural heritage. He noted that the city has lagged behind other areas in utilizing this state law, which has become increasingly user-friendly over the years. The contract for 714 Steiner Street is particularly noteworthy as it marks a growing trend in the city to leverage the Mills Act for historic preservation.

The property owner, Leah Culver, expressed her commitment to restoring the iconic building, which requires an estimated $2 million for exterior repairs alone. Culver highlighted that the Mills Act assistance was crucial for making the project feasible, allowing her to maintain the historic character of the home while contributing to the city's preservation efforts.

The meeting also addressed the financial implications of the Mills Act. The property will benefit from a significant tax abatement, with estimates suggesting a savings of approximately $42,000 in the first year alone. However, discussions revealed concerns about the long-term sustainability of such contracts, with some supervisors advocating for a policy that would limit the duration of tax benefits to ensure taxpayer interests are protected.

As the city continues to navigate the complexities of historic preservation, the approval of the Mills Act contract for 714 Steiner Street stands as a pivotal moment in San Francisco's commitment to maintaining its rich architectural legacy while balancing fiscal responsibility. The resolution not only supports the restoration of a beloved landmark but also sets a precedent for future applications of the Mills Act, potentially reshaping the landscape of historic preservation in the city.