Building student housing in San Francisco may become a more attractive option for developers if, as expected, the city approves new rules that would make it cheaper to create residential developments for colleges and universities.
The ordinance lifting the affordable housing fees is the brainchild of the Housing Action Coalition, which advocates for creating more housing in the city.
Tim Colen, the organization's executive director, has been working on developing the legislation for two years after he was approached by the tiny American College of Traditional Chinese Medicine, which enrolls 300 students and whose main campus is on Arkansas Street in Potrero Hill. He soon learned that other colleges - large and small - had housing shortages.
Read more at SF Gate