"In what should surprise nobody who is paying attention to the reality of the local housing market, a new report by People Power Media shows that San Francisco has allowed far too much new housing that most residents can't afford, and that new market-rate housing has been associated with gentrification and displacement. The detailed report uses a new housing database that's more accurate than what the City Planning Department uses, since it looks not just at what's been permitted but what's been constructed."
"The City over-reported its numbers for affordable housing, and is inconsistent about the numbers they report regarding fulfilling housing production goals. Median income households in nearly all People of Color Neighborhoods in San Francisco pay more than they can afford for Rent. The opposite is true in all of the Predominantly White Neighborhoods, where new market rate housing is in line with median household incomes."
San Francisco allowed substantially more market-rate housing than affordable housing, producing homes unaffordable to most residents. Constructed-unit counts from a New Housing Dataset indicate the city built about half the needed affordable housing and twice the required market-rate housing. City-reported affordable-housing numbers are overstated and inconsistent with production goals. Median-income households in nearly all People of Color Neighborhoods pay more than affordable rents, while Predominantly White Neighborhoods show new market-rate housing aligned with household incomes. Essential and minimum-wage workers cannot sustainably afford newly built housing. The worst cost gaps occur in Tenderloin, Chinatown, North Beach, Nob Hill, South of Market, and Western Addition.
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