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In talking with Kofi Bonner about Lennar Urban’s plans to create a mixed-use urban master-planned community on the site of the old Hunter’s Point Shipyard, The Real Story got a view of the housing side of the equation.
According to Kofi, the subject of housing diversity—in size, in style, in price—has engendered much debate: What is the right mix of market rate to affordable housing? How can new home price levels be created without displacing residents already living in the area? How do you build—or rebuild—housing and keep the existing residents on site during the process?
Big questions, one and all. But from all of the questions have come many great ideas that reflect the many neighborhoods of San Francisco. For example, Lennar is planning housing for working families—people whose earnings are too high to qualify for the affordable homes, but not enough to make the stretch for a market-rate mortgage. There is also a fund to assist people living in the area with their housing purchases. There is a plan for deed restrictions to keep a supply of affordable homes affordable for the long term.
With so much news about The Shipyard this week, The Real Story suggests that you go to the community web site and see the renderings of what is being planned.
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