"But when the property recently went up for sale, Herron and many of the building's other long-term residents - several of which are musicians, artists, and even a co-writer and producer of the recent Compton's Cafeteria Riot play - worried they might lose the affordable rent that's kept them stable for many years if the building were to be sold off to a market-rate developer."
"The city's plan aims to create capacity for at least 36,000 units, just a portion of the overall total, since the city has already approved roughly 43,000 units that have yet to be developed. But critics of the plan have pointed out that there are few mechanisms in the plan itself to ensure that low-income housing is prioritized. Preserving rent-controlled units was one of the most controversial elements of the rezoning plan."
San Francisco aims to add tens of thousands of housing units by 2031 and now allows preserved affordable housing to count toward that goal. Housing nonprofits are acquiring properties to keep rents affordable, including a recent SF Community Land Trust purchase at 16th and Guerrero. Long-term residents feared losing rent-stabilized units when their building went up for sale, and welcomed the acquisition as housing security for their families. The city's plan creates capacity for at least 36,000 units while about 43,000 approved units remain undeveloped. Critics say the plan lacks strong mechanisms to prioritize low-income housing. The Small Sites Program provides acquisition loans.
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