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Mayor Lee’s seven-point plan to tackle S.F.’s real estate issues

Mayor Ed Lee's seven-point plan may take some work.
Mayor Ed Lee's seven-point plan may take some work.
Courtesy Flickr Creative Commons user trophygeek

It helps to have a plan. When Mayor Ed Lee gave his state of the city address last Friday, he offered a seven-point plan to solve the housing crisis in our fair city.

Paramount in that plan is the goal of adding at least 30,000 new housing units in San Francisco by 2020. What’s more, Lee wants to see a third of these units be classified as affordable.

Here’s the mayor’s seven-point plan, as outlined by SocketSite:

1) Beef up legislation to protect tenants from eviction

2) Protect at-risk rent controlled units from TIC or condo conversion

3) Move forward with HOPE SF to rebuild the city’s public housing

4) Double the city’s down-payment assistance program from $100,000 to $200,000

5) Streamline approvals for development of below-market rate housing

6) Add more market-rate housing, emphasizing rental units and outlying areas

7) Reduce obstacles to San Francisco development

What are your thoughts on Lee's plan?

Dreaming of San Francisco? Cece Blase offers local advice to San Francisco buyers, sellers and owners-- and feeds the dreams of those who wish they could live in Tony Bennett's 'City by the Bay.' Call 415-577-0809 or email cblase@paragon-re.com. www.ceceblase.com