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A new study finds San Francisco is losing rent-controlled apartments almost as fast as it is adding new affordable units.

July 14, 2015

Monday, July 13, 2015 (AP) – excerpt

SF affordability

(AP) — A new study finds San Francisco is losing rent-controlled apartments almost as fast as it is adding new affordable units.

The city’s Housing Balance Report shows about 5,500 apartments were removed from so-called protected status between 2004 and 2014. The city added about 6,600 affordable units during the same period.

The study was reported by the San Francisco Chronicle on Sunday.

It comes as the city’s housing market is booming, with rents in some neighborhoods topping $3,000-a-month for a one-bedroom apartment.

Supervisor Jane Kim said the loss of rent-controlled units is having a much bigger impact than she would have thought… (more)

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One Comment leave one →
  1. holeshothunter permalink
    July 15, 2015 12:06 am

    Red Queen to Alice, deep within Wonderland: ‘My dear, here we must run as fast as we can, just to stay in place. And if you wish to go anywhere you must run twice as fast as that.’ Lewis Carroll. No one has gained ground since 1865. bits of headway here and there, but since the 60’s it’s been a steady downhill slope.

    What did you expect? To win NOW??

    Like

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