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San Francisco's metropolitan area added 373,000 net new jobs in the last five years—but issued permits for only 58,000 units of new housing. The lack of new construction has exacerbated housing costs in the Bay Area, making the San Francisco metro among the cruelest markets in the U.S.
Several factors have together caused constraints on the construction of new housing: density restrictions (e.g. single-family zoning) and high land cost conspire to keep land and housing prices high; community involvement in the permitting process allows current residents who oppose new construction (often referred to as NIMBYs) to lobby their city council to deny new development ...
A three-bedroom, two-bathroom home built in 1924 in an upscale San Francisco neighborhood saw its value tumble after the recently listed property came with a major catch.
The San Francisco Bay Area comprises nine northern California counties and contains five of the ten most expensive [1] counties in the United States. Strong economic growth has created hundreds of thousands of new jobs, but coupled with severe restrictions on building new housing units, it has resulted in an extreme housing shortage which has driven rents to extremely high levels. The ...
Economists at Bank of America warned this week that the US housing market is “stuck and we are not convinced it will become unstuck” until 2026 — or later.
The San Francisco Housing Authority is a local public housing authority for the City and County of San Francisco that was established in 1938 after the Housing Act of 1937 was enacted by the U.S. Federal Government.
The Fair Housing Assistance Program (FHAP) is a federal program that is administered by the Office of Fair Housing and Equal Opportunity at the U.S. Department of Housing and Urban Development. The FHAP program provides funding annually on a noncompetitive basis to State and local agencies that enforce fair housing laws that are substantially ...
The San Francisco Public Works corruption scandal is an ongoing investigation by federal, state and local prosecutors and investigators into bribery and fraud involving employees and contractors working for San Francisco Public Works (SFPW), and particularly, the Department of Building Inspection (DBI). The investigation was first brought to the public's attention by the arrest in January 2020 ...