During a recent government meeting, significant concerns were raised regarding the affordability of a proposed housing development in Chinatown, San Francisco. The discussion highlighted the disparity between the project's affordable housing offerings and the local community's economic realities.

A public commenter emphasized that while the project includes three affordable units designated for individuals earning 50% of the Area Median Income (AMI), this threshold—approximately $52,450 for a single person—remains out of reach for many residents. The median household income in the relevant census tract is only $24,085, raising questions about who the development is truly intended to serve. The commenter warned that without a focus on genuine affordability, the project could exacerbate gentrification in the neighborhood.

Commissioners echoed these sentiments, with Commissioner Peu Young noting the lack of community engagement in the planning process and the potential implications of the state law, SB 423, which streamlines approval for such developments. The law does not mandate deeper affordability measures, leading to concerns about the adequacy of the proposed units.

The project sponsor clarified that the development would consist of 26 units, with three set aside as affordable, complying with state and local regulations. However, some commissioners expressed skepticism about the project's affordability strategy, suggesting that the small size of the units might not significantly lower rents compared to market rates.

Overall, the meeting underscored a critical dialogue about housing policy, affordability, and the need for developments that genuinely reflect the needs of the community, rather than contributing to the ongoing challenges of gentrification in Chinatown.