24 Hrs
Source:
The Boston Globe
San Francisco cuts housing rules. Boston?
San Francisco is reducing its inclusionary housing requirement from 15 percent to 5 percent to encourage more market-rate development and increase overall affordable housing, amid a housing crisis characterized by rising costs and homelessness. City officials and developers argue that lowering these requirements will make construction more profitable and lead to more housing projects, with the city also increasing funding for affordable units. This approach reflects a shift in policies as the city seeks to address its housing shortage, despite ongoing debate about the impact on affordability and social equity.
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