San Francisco would restrict future office development if the city fails to meet its affordable housing goals under a proposed ballot measure.
The measure would reduce the amount of office space allowed by a percentage equal to the city’s shortfall in approving affordable housing, based on state-mandated goals.
The advocacy arm of South of Market nonprofit and affordable housing manager Todco is sponsoring the measure with the hopes of getting it on the March primary ballot.
John Elberling, executive director of Todco, said less space for new jobs would reduce housing demand and aid low-income residents who are struggling in a city with a median home price of $1.7 million.
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