I routinely roll my eyes at the shenanigans of our Board of Supervisors, but sometimes I’m absolutely dumbstruck by what they think is a good idea. Leave it to Jake McGoldrick, who is proposing that buildings as small as two units fall under the City’s inclusionary housing rules. The back story: as of now, builders of 10+ unit buildings are required to set aside a certain percentage of units for buyers with moderate income. So, McGoldrick’s plan would force builders of two-unit buildings to sell one of the units at below market rate. Unless I’m doing the math wrong, it appears that the current requirement of 15% inclusionary housing would equal one out of two units in a two-unit building.
Let’s see. At the risk of sounding a bit sarcastic, do you think this might, I don’t know, take away any incentive for small builders to build anything in San Francisco? And this is good policy? Thank heavens for term limits, which will show both McGoldrick and Chris Daly the door within the next four years.
More about McGoldrick’s proposal is on the BeyondChron site. Read it here.