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San Francisco has the slowest permitting process of any large city in the United States. The first stage can take an average of 450 calendar days, and the second stage taking 630 days for typical multi-family housing, or 860 days for a single-family house, [3] and the second-most expensive construction costs in the world ($473 / sq. ft.). [4]
The 2018 median home price in Silicon Valley was $1.18 million, a 21% increase from 2017. [3] Almost 90% of low income renters in the San Jose-Sunnyvale-Santa Clara metro area were cost burdened in 2017, meaning they spent more than 30% of their income on housing. [4] Over a third of mid-income renters were cost burdened as well.
2017 study of San Francisco housing market. In 1994, San Francisco voters passed a ballot initiative which expanded the city's existing rent control laws to include small multi-unit apartments with four or less units, built prior to 1980. (about 30% of the city's rental housing stock at the time).
According to Redfin, the average sales price of a home in San Francisco in January 2024 was $1.31 million, up 7.6% from the previous year. However, some cheaper options are available if that’s ...
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 agency is responsible for the management of public housing and Section 8 vouchers for primarily low-income housing.
The San Francisco Transbay development is a completed redevelopment plan for the neighborhood surrounding the Transbay Transit Center site, South of Market near the Financial District in San Francisco, California. [8] The new transit center replaced the since-demolished San Francisco Transbay Terminal, and new skyscrapers, such as Salesforce ...
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