Will Capping Office Space Ease Frisco Housing Crunch?

Vote rs in San Francisco will soon weigh a Solomonic compromise on housing in the city: a zero-sum building moratorium that ties new office space to affordable housing. Proposition E, a measure coming up on the primary ballot in March, would limit future office growth in San Francisco as a function of the city’s shortfall of new affordable housing. Under this new accounting, in any year that the city fails to live up to its state-mandated obligation to approve new affordable housing, the legal cap on new office space would be lowered by the same degree. A miss on housing would mean a proportionate dip in new office space. Read Full Article »