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A housing development at 900 Folsom St. in South of Market. (Mike Koozmin/2014 S.F. Examiner)

San Francisco hopes to change city rules for part of the South of Market neighborhood to build up to 7,500 new homes and bring in $2 billion from new development, according to a proposal released Thursday.

The Planning Department’s Central SoMa Plan focuses on the often underdeveloped or in some cases undeveloped 230-acres between Second and Sixth streets in most of the area above Townsend Street to Market Street.

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