Beyond Chron: SF Boosts Middle Class Housing

By Randy Shaw

When San Francisco Supervisor Jane Kim negotiated a new deal with Forest City raising the affordability of its 5M project from 33% to 40%, the higher percentage dominated the news. Kim previously negotiated a 40% affordability deal with the SF Giants and came up with a brilliant slogan in the wake of her new deal: “40 is the new 30.”

Kim has in fact created a new 40% affordability standard for housing securing zoning changes. But the real news is the progressive support for a deal that addresses the housing needs of San Francisco’s middle-class.

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The San Francisco Chronicle: 5M developer alters project to include more affordable housing

J.K. Dineen

The developer of a proposed mixed-use development at Fifth and Mission streets has agreed to increase the amount of affordable housing in the project while cutting the number of parking spaces.

The new development agreement, hammered out over the weekend by Supervisor Jane Kim and Forest City Senior Vice President Alexa Arena, calls for 87 affordable apartments in a 288-unit rental building, up from the previous proposal of 58. The additional 7 percent of the units will target households earning 150 percent of area median income, about $150,000 for a family of four.

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The San Francisco Examiner: ‘5M project’ reaches landmark deal with 40% below-market-rate housing

By Laura Dudnick

A major mixed-use project proposed in the South of Market neighborhood has received the support of its district Supervisor Jane Kim after developers agreed to include 40 percent of the housing at below-market-rate.

That number marks an unprecedented level of such homes included in a development on private land in The City, and is an increase up from the 33 percent below-market-rate previously designated for the project, according to city officials.

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