City supervisors have reached a compromise on a contentious measure in the zoning plan for the western South of Market District that would have diverted some developer impact fees away from transit and street improvements to fund affordable housing.
By increasing the number of subsidized affordable apartments that residential building developers will be required to provide in large projects, an amendment introduced by Supervisor Jane Kim removed the 33 percent cut in developer impact fees for transportation upgrades originally proposed in the West SoMa Plan, while also satisfying residents’ calls to increase the amount of affordable housing for low-income residents in the area. The plan was passed unanimously by the Land Use and Economic Development Committee yesterday, and the full Board of Supervisors is expected to consider it in the coming weeks.
Kim, who introduced the amendment that settled the housing/transit tussle, said the solution makes more sense now than it did during the plan’s eight-year development, when the real estate economy was in worse shape. At the time, planning participants thought that imposing more costly housing requirements would dissuade developers from building new housing at all. But with today’s development boom, those requirements are expected to be more palatable. “After doing some number crunching” with community members and housing advocates, she said, ”we were able to get some consensus.”