Supervisor Jane Kim introduced a Resolution at the Board of Supervisors yesterday affirming the Community Stabilization Policy that was adopted by the Western SoMa Citizens Planning Task Force last year. The Stabilization Policy evaluates the existing conditions and sets forth metrics for the preservation of the historic balance of housing affordability and neighborhood land uses that are proposed for use by the Planning Commission in evaluating project approvals and conditional uses.
On August 10, 2006, the Task Force, in consultation with the Board of Supervisors and the community in a series of Town Hall meetings, adopted a set of Planning Principles meant to be a framework for preparation of a Western SoMa Community Plan, which included, among other things, a commitment to “stabilize the neighborhood against speculative land use proposals and developments.” The Stabilization Policy is intended to prevent displacement that could turn South of Market into a bedroom community for the digital media industry.
The resolution urges the Planning Commission to incorporate the Policies and Objectives of the Stabilization Policy into the Western SoMa Community Plan before sending it back to the Board for final approval. Supervisor Kim has requested a hearing before the end of the month.