The recent government meeting in San Francisco highlighted significant trends in the city's housing market, particularly regarding leased units among major developers. Since 2024, most developers have reported an increase in total leased units, with the notable exception of Swords to Plows, which relies on referrals from the Veterans Affairs (VA).

During the meeting, it was noted that while organizations like John Stewart and Mercy have leased more units, their occupancy rates have decreased. This decline is attributed to the introduction of new Housing Assistance Payment (HAP) contracts, which have led to an increase in available units due to new buildings being developed.

Despite the lower occupancy percentages, the overall number of occupied units has risen, with over 250 additional units filled compared to the beginning of the quarter. This development indicates a dynamic shift in the housing landscape, driven by ongoing construction and changes in leasing strategies among major developers.

The discussions underscored the complexities of the housing market in San Francisco, where new developments are both increasing the supply of available units and impacting occupancy rates. The meeting concluded with a recognition of the need for continued monitoring of these trends to ensure effective housing solutions for the community.