Lurie Seeks to Lower Inclusionary Rate, Increase Annual Contribution to Housing Trust Fund

San Francisco Mayor Daniel Lurie introduced two proposals to help spur the production of housing in the city. One would reduce the mandated inclusionary rate of affordable units in market-rate developments, while the other would increase the city’s annual contribution to the Housing Trust Fund until it reaches $125 million.

The inclusionary housing would lower the required amount of affordable housing provided onsite to 5% for projects with 25 units or more from the current 12% for already approved projects, while allowing developers to alternatively pay an in-lieu fee, dedicate land or provide off-site affordable units equivalent to 10% of the project’s total units.

“San Francisco is facing a severe affordability crisis, and the city needs more housing at all income levels so every family can continue to call this city home,” said Rebecca Foster, CEO of the Housing Accelerator Fund and member of the city’s Inclusionary Housing Technical Advisory Committee (TAC).

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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