From today’s SFGate,

When the San Francisco Board of Supervisors voted last month to temporarily halt a Mission District condominium project, it was unwelcome news for more than just one developer.

The decision ended up putting on hold thousands of units scheduled to be built in the city’s eastern neighborhoods, while the Planning Department analyzes how the developments will affect existing housing and the job situation in the area. Developers call it a de facto moratorium on building, while affordable housing advocates say it will give the city a chance to complete a comprehensive building plan for the area.

In all, construction at as many as 52 housing projects comprising 4,600 units in SoMa, Showplace Square, Potrero Hill, the Mission and the central waterfront could be delayed by as much as a year, though planning officials insist the majority of those projects will not be affected.

“We are now living under a de facto moratorium on all housing in most of the places that would be logical to put new housing,” said Gabe Metcalf, executive director of the San Francisco Planning and Urban Research Association, a public policy group. “The NIMBYs have won this battle.”

I’m not opposed to proper planning, but it’s no wonder developers choose to go elsewhere to build…

Is new condo development being shut down? [SFHomeBlog]

This entry was posted on Wednesday, April 12th, 2006 at 3:32 pm 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.