State warns SF it may lose funding if city doesn't meet housing goal

California warns San Francisco that it may lose funding if the city doesn't meet the housing goal of 82,000 units in eight years.You've probably heard the term "streamlining" when it comes to the permit process for new housing in San Francisco. Yet despite efforts to build 82,000 new housing units in the next eight years, San Francisco's streamlining process hasn't gone far enough to meet that goal.

It's this simple, San Francisco has a number of city policies and practices that are out of compliance with the state. The state describes them as old and impractical policies that are causing unnecessary delays. San Francisco also allows anyone to object to a project, even if it meets all the requirements. That discretionary review can take months.That's the case with the 2550 Irving Street project, which offers 90 units of affordable housing. A neighborhood group objected and the project was delayed pending several appeals. After losing all appeals the project has finally been given the green light to start construction in Spring of 2024.

Source: Real Estate Daily Report (realestatedailyreport.net)

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