San Francisco passed a law to fast-track housing approvals after falling short of its requirement for 80,000 new units in eight years. The first project to use it: a 200-unit tower at 1965 Market Street that could skip public hearings and environmental reviews.
Developers are already lining up with new projects after a law went into effect that will dramatically speed up approval timelines in San Francisco. After San Francisco was deemed outta compliance with its housing element for approving fewer than the necessary units to reach its goal of over 80,000 units over the next 8 years, a new law went into effect that will fast-track approval timelines for projects that otherwise comply with zoning and affordable housing requirements. Keller Grover Properties, a local developer that's been working on a 200-unit, 23-story tower at 1965 Market Street, recently filed notice of intent to proceed under that new law. If the application is actually submitted, it'll be the first that the city's received under that new law. And if they do, they'll skip discretionary approvals like CEQA and several public hearings that make the approval more certain. I'll be keeping an eye on progress, so follow along for more updates.
