Housing Initiative: Mayor Announces Acceleration of Housing Production

06feb2014_new_housingMayor Edwin M. Lee today announced that he will implement recommendations resulting from a Mayoral Executive Directive to accelerate housing production and preserve existing housing stock. The Working Group recommends prioritizing new 100 percent affordable housing, moderate-income units and market rate housing that offers on-site affordable units.
 
“With a robust economic recovery, accelerating our housing production is a top priority for our City,” said Mayor Lee. “The Working Group’s recommendations provide a series of in-depth changes that will not only help us build 30,000 new homes by 2020, but also ensures that we protect current tenants’ rights and preserve existing affordable rental apartments. I thank Department of Building Inspection, Planning Department and other members of the Working Group for preparing these recommendations so that we can ensure our City remains an affordable place to live for all residents.” Read more.

Posted on February 6, 2014 | The comments to this entry are closed.