Bayview Redevelopment Decision Postponed
From BeyondChron,
After more than two hours of passionate public testimony, the Board of Supervisors put off a decision on the controversial Bayview-Hunter’s Point Redevelopment Plan for one week at Tuesday’s meeting. The postponement will allow supervisors to consider several late amendments to the plan and the San Francisco Redevelopment Agency to respond to community concerns.
The plan, which has been in the works for over a decade, would aim to revitalize the downtrodden Bayview-Hunter’s Point neighborhoods by fostering development of new business and housing in the area, specifically targeting the Third Street business district. The Bayview-Hunter’s Point neighborhoods include the largest concentration of African Americans in San Francisco, but have also in recent years been the focal points of a wave of violence.
However, many community members expressed concern that redevelopment would hasten gentrification of the neighborhood and fail to improve the lives of local residents, as some say it did in the Western Addition, a previous redevelopment project. Though the plan does require that 25% of all projects must be affordable housing, many said they fear that rising prices will contribute to the flight of African Americans from San Francisco. [more...]
BIG day for housing at the Board of Supervisors on Tuesday [SFHomeBlog]
Bayview Hunters Point Redevelopment Plan moves closer to approval [SFHomeBlog]
Bayview Hunters Point Project Area Committee
posted by Matt Lanning @ 8:05 PM
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I think that the ugly truth is that eventually every square inch of SF will indeed be gentrified. The same is happening in Oakland, and it will happen in Hunter's point. That said... current market conditions could cause one of several things to happen:
A: the home building company could pull out due to a recession in the housing market. Several projects in the East Bay have now been scrapped for this reason.
B: Home builders in many parts of the country aimed for upper end housing during the boom.
Now that the boom is sliding and will do so for the next foreseeable future, many of these companies are starting to concentrate on middle income, and in some cases lower income housing units. Perhaps now would be the time to invest in housing units that actually accomodate residents of hunter's point.
Ultimately the current populace of HP will likely be forced out just like every other non-upper income area in the city, that is unless a nice little national or local recession comes barreling down the way, which given the amount of financial stress the housing market put on many families is a strong possibility. We will see.
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