From the Examiner, “Mayor Gavin Newsom said The City had approved the construction of 5,076 new homes — a large increase over the 2004 figure of 2,131. Newsom said one of the reason prices are astronomical in San Francisco is that The City has not kept pace with projections of how many new units it needs to build each year.”

“Newsom attributed the increase to better leadership and beefed up staffing at the Planning Department, Department of Building Inspection and other city agencies. Newsom said The City should meet his administration’s goal of building 15,000 new housing units over the next five years. Newsom wants 33 percent of them to be affordable.”

This entry was posted on Saturday, March 4th, 2006 at 3:52 am and is filed under Uncategorized. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.