Real Estate Alert: Proposition C

There has been a lot of confusion about the effects on inclusionary housing costs under Proposition C, the recently approved ballot measure that amends San Francisco’s  Charter  to create a new Housing Trust Fund.  For qualifying projects, Proposition C also includes a reduction in on-site inclusionary housing requirements and cost stabilization provisions regarding affordable housing-related fees. The Charter amendment is effective until July 1, 2043.  This alert summarizes the basic changes related to the on-site and cost stabilization requirements.  Click here for the alert.