Local TREND. Balanced Development Plan. What is it? How does it work?

In March 2020, San Francisco, California voters approved the Balanced Development Plan to tie office space development to affordable housing goals.

What does this mean? No more available office space, if affordable housing goals are not met in San Francisco.

What did the City’s economist say about the proposition?

• it will cost the city tens of millions of dollars in revenues
• it will cost the city thousands of jobs per year
• it will limit the city’s GDP growth by tens of billions over the next 20 years

San Francisco Balanced Development Act