NEW YORK: The eighty-second entry for the seniors housing Global Awards 2016 has been received.
When Supervisor Jane Kim introduced a ballot measure to increase requirements for the amount of affordable housing that developers must produce to 25 percent, there was one part of her measure that didn’t get much attention. The legislation provides an exemption for projects “in which a height limit increase has been approved by a vote of the electors” or one that “has entered into a development agreement or other similar binding agreement with the City” by January 12, 2016. That would exempt the much-talked about 5M and Mission Rock projects — both of which have 40 percent affordable housing — from the new measure.
