Central SOMA Plan Moves Forward; More Housing Called For
by Peter Gallotta
Mar 03, 2018
The Planning Commission voted on Thursday to move forward a plan that would bring 40,000 jobs and 7,000 new homes to the South of Market neighborhood in the coming years. The plan, which has been 7 years in the making, . Mayor Mark Farrell and Supervisor Kim support the plan, which is expected to generate roughly $2 billion in public benefits to be funneled back into the neighborhood for transit, street and facility improvements. Of the 7,000 housing units to be built, 33% are expected to be affordable. But Commissioners and community groups want more, saying that the jobs-to-housing balance is inadequate and that the plan could displace more residents or increase housing prices.