REMI will be offering a guest webinar presentation provided by Chief Economist Ted Egan, Ph.D. from the City and County of San Francisco on Wednesday, April 1st from 2:00 to 3:00 p.m. (ET) entitled “San Francisco Developments: The Link Between Office Limitations and Affordable Housing.”
The City and County of San Francisco recently increased the fee it assesses on new office developments to fund its affordable housing projects. A second measure on the March 2020 ballot will ask voters to consider further limitations on future office developments if the City does not meet affordable housing goals set by state and regional agencies. Since the City has not met these goals in the past, the measure has the potential to substantially affect future office development and employment in the city.
Legislators started making and proposing changes to commercial linkage fees after several years of surging employment and housing prices in San Francisco. Dr. Egan will discuss the net economic impact of limiting office building developments in favor of expanding the Bay Area’s affordable housing options.
This guest presentation will review economic impact analyses of both measures that utilized the REMI model to evaluate the impacts on economic growth, income, employment, and housing affordability.