City officials are hoping a vacant site filled with debris and water in downtown San Francisco will soon be transformed into housing for essential city workers.
SAN FRANCISCO -- On Monday, Supervisor President Aaron Peskin joined affordable housing advocates and members of the SEIU 1021 labor union next to the space at 350 Fifth St. to discuss the urgent need for middle-income housing that's below market rate.Legislation spearheaded by Peskin that was approved last Thursday will hopefully help speed up the process to transform it into 127 units.The developer of the property was foreclosed on, and the site is now owned by the lender.
It takes me up to two and a half hours to get to work sometimes from East Contra Costa County,' he said.As of August 2024, the average price to rent a two-bedroom unit in San Francisco is $4,000 and one-bedroom units cost about $2,900 to rent, according to Zillow housing data.
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