San Francisco is poised to adopt the highest inclusionary housing mandate in the nation with the passage of Proposition C.
Currently, San Francisco's charter requires that developers of mid-to large-size housing projects set aside 12 percent of their on-site units for below-market-rate housing. Proposition C removes that requirement from the charter and hands the power to change the rate to the Board of Supervisors.
Trailing legislation that goes into effect with Proposition C's passage raises the 12 percent requirement to an unprecedented 25 percent. That amount includes a first-ever set-aside for middle-income housing, to accommodate teachers, nurses and other mid-wage workers who are having trouble maintaining a foothold in San Francisco.
The legislation also requires periodic feasibility studies on the city's affordable housing requirements. The city controller's office is required to release its first study by July 31.