Supervisors Mark Farrell and Scott Wiener to Call for City’s Chief Economist to Report on the Effects of the Proposed Mission Moratorium

SAN FRANCISCO – At Tuesday’s Board of Supervisors meeting, Supervisors Mark Farrell and Scott Wiener will submit a letter to the Controller’s Office and publicly call on the City’s Chief Economist to produce an economic report and analysis on the proposed moratorium on market-rate housing in San Francisco’s Mission District. 

Supervisors Mark Farrell and Scott Wiener to Call for City’s Chief Economist to Report on the Effects of the Proposed Mission Moratorium 

SAN FRANCISCO – At Tuesday’s Board of Supervisors meeting, Supervisors Mark Farrell and Scott Wiener will submit a letter to the Controller’s Office and publicly call on the City’s Chief Economist to produce an economic report and analysis on the proposed moratorium on market-rate housing in San Francisco’s Mission District. 

“A moratorium on new housing is exactly the wrong approach we should be taking to address San Francisco’s housing shortage and crisis,” said Supervisor Mark Farrell. “We need to produce more new housing at a faster rate at all income levels in order to make San Francisco more affordable – a moratorium on new housing will have disastrous effects for our City.”

“When you have a severe housing shortage, the last thing you should do is put a moratorium on housing production,” said Supervisor Wiener. “A housing moratorium will only increase pressure on our existing housing stock, which will incentivize more evictions and rent hikes, while decreasing funding for new affordable housing construction. By asking the City Economist to study this issue, we can better understand the true impacts of this proposed legislation.” 

Supervisors Farrell and Wiener are specifically requesting the City’s Chief Economist to report and provide an analysis on what the effects of a moratorium on market-rate housing in the Mission District would be for an indefinite and two-year period, including: 
 
• The effect the moratorium will have on housing and rental prices in the Mission and citywide
• The effect on the City’s efforts to produce more new housing at all income levels
• The effect the moratorium will have on eviction and buy-out pressures for tenants and homeowners
• A detailed break-down on the amount of resources that the City would lose for affordable housing production
 
The moratorium proposed by Supervisor David Campos -- and co-sponsored by Supervisors John Avalos, Jane Kim, Eric Mar and Norman Yee -- would delay approximately 1,100 housing units that are currently in the development pipeline. A majority of the 1,100 housing units also propose to build at least the minimum permanently affordable housing units required by law on-site, and many of the proposed developments actually exceed the City’s minimum on-site affordable housing requirements. 
 
The report is expected to be completed before the full Board of Supervisors will vote on the proposed moratorium. 

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