Loading...
Market
Number of housing units approved in SF in 2024?
5
Resolution / Starting Odds
Less than 300 • 33%
300 to 600 • 33%
More than 600 • 33%
San Francisco Planning Department reports
Story
San Francisco Speeds Up Housing Approvals with SB 423
Jul 1, 2024, 06:24 PM
San Francisco is undergoing a major shift in its housing approval process due to the implementation of SB 423. The new state law, spearheaded by Senator Scott Wiener, aims to streamline the housing permit process, reducing the median wait time for permits from 620 days to one of the shortest in California. SB 423 eliminates the need for most proposed housing projects to receive approval from the Planning Commission, thus bypassing the San Francisco Board of Supervisors. This change is expected to significantly reduce the financial and social costs associated with the city's lengthy approval process. Mayor London Breed and other pro-housing supporters have celebrated this development, highlighting its potential to expedite the construction of new homes in San Francisco. The majority of housing projects will now be eligible for over-the-counter approval, making San Francisco the first city in California to implement this law.
View original story
Similar markets
Less than 5,000 units • 33%
5,000 to 10,000 units • 34%
More than 10,000 units • 33%
Yes • 50%
No • 50%
Increase by more than 20% • 33%
Increase by 10-20% • 33%
Increase by less than 10% • 33%
Less than 6 months • 33%
6 months • 34%
More than 6 months • 33%
Yes • 50%
No • 50%
Los Angeles • 25%
San Francisco • 25%
San Diego • 25%
Other • 25%
Less than 100 days • 33%
100-200 days • 33%
More than 200 days • 33%
Significant price drop • 33%
Stable prices • 34%
Significant price increase • 33%
0-50 • 25%
51-100 • 25%
101-150 • 25%
151+ • 25%