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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