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What will be the percentage increase in approved housing projects in San Francisco by December 31, 2024?
4
Resolution / Starting Odds
Increase by more than 20% • 33%
Increase by 10-20% • 33%
Increase by less than 10% • 33%
San Francisco Department of Building Inspection reports or official city data releases
Story
San Francisco Becomes First City in California to Implement SB 423 for Streamlined Housing Approvals
Jul 1, 2024, 02:37 PM
San Francisco has implemented SB 423, a new state law aimed at streamlining the housing approval process. The city, previously known for having the longest permitting process in California, will now see most proposed housing projects bypass the Planning Commission and Board of Supervisors. This change is expected to significantly reduce the median wait time for permits from 620 days to a much shorter period. The law, championed by Senator Scott Wiener, is designed to address the impractically large time, financial, and social costs associated with San Francisco's bureaucratic procedures. The majority of housing projects will now be eligible for over-the-counter approval. The move has been met with mixed reactions, with some praising the efficiency gains and others concerned about the loss of local oversight.
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Similar markets
Less than 300 • 33%
300 to 600 • 33%
More than 600 • 33%
Yes • 50%
No • 50%
Less than 5,000 units • 33%
5,000 to 10,000 units • 34%
More than 10,000 units • 33%
Less than 6 months • 33%
6 months • 34%
More than 6 months • 33%
Streamlined approval process • 33%
Financial incentives • 33%
Other factors • 33%
Under 10% • 25%
10% - 20% • 25%
20% - 30% • 25%
Over 30% • 25%
Under 10% • 25%
10% - 20% • 25%
20% - 30% • 25%
Over 30% • 25%