Saturday, July 12, 2014
(San Francisco County) Grand Jury questions S.F. mayor’s housing goal
July 10, 2014
San Francisco Business Times
By Steven E.F. Brown
A civil grand jury found that San Francisco Mayor Ed Lee's stated goal of building or rehabilitating 30,000 housing units in the city may not cut prices.
Lee's plan, which called for 10,000 of those units to be permanently cheaper than the market rate for housing, was meant to reduce the effects of a runaway home price market, the Examiner reports.
The article cites a July 7 report from the civil grand jury, "The Mayor's Office of Housing: Under Pressure and Challenged to Preserve Diversity," and calls the findings there "a mixed bag."
The mayor's goal may not even be possible, especially if 4,575 rehabbed Housing Authority units are not counted as part of the 10,000.
A spokeswoman for the mayor told the Examiner that Lee remains committed to the 30,000 unit goal.