This resolution allows certain affordable housing projects to access tax-exempt bond financing and tax credits if they provide more affordable units than required, while also exempting them from specific water use regulations. It also mandates the Mayor’s Office of Housing and Community Development to report on these projects.
Ordinance amending the Planning Code to permit the use of California Debt Limit Allocation Committee tax-exempt bond financing and tax credits under the Tax Credit Allocation Committee for certain affordable housing projects that provide additional affordable units or deeper affordability levels than required by the Inclusionary Housing Ordinance, and require the Mayor’s Office of Housing and Community Development to report on such projects; amending the Health Code to exempt such affordable housing projects from compliance with the requirement that new buildings be constructed, operated, and maintained using alternate water sources for non-potable uses; affirming the Planning Department’s determination under the California Environmental Quality Act; making public necessity, convenience, and welfare findings under Planning Code, Section 302; and making findings of consistency with the General Plan and the eight priority policies of Planning Code, Section 101.1.
How it got here
The legislation originated from a need to enhance affordable housing financing options in San Francisco, prompted by existing limitations in the Inclusionary Housing Ordinance.
Mayor Breed introduced the proposed ordinance to amend the Planning Code to allow the use of CDLAC tax-exempt bond financing and TCAC tax credits for certain affordable housing projects.
The Planning Commission held a public hearing and adopted Resolution No. 21634, recommending approval of the ordinance with modifications.
The Planning Department affirmed that the actions contemplated in the ordinance comply with the California Environmental Quality Act.
The committee amended the ordinance, including a requirement for the Mayor’s Office of Housing and Community Development to report on projects utilizing the new financing options.
The Board of Supervisors passed the ordinance on first reading, moving it closer to final approval.
The Board of Supervisors finally passed the ordinance, solidifying the changes to the Planning Code.
The Mayor approved the ordinance, completing the legislative process.
Reconstructed from attached documents & the official record