Two San Francisco supervisors opposing the proposed Mission moratorium on market-rate housing said they will today request an economic impact report on the plan from the city’s chief economist.
In response to the announcement, Supervisor David Campos, who introduced the proposal last week, said he welcomes the report but added that no analysis is needed for the Board of Supervisors to approve the 45-day moratorium.
That point was confirmed by the chief economist Ted Egan.
“We’ve determined the proposed 45-day moratorium would not have an economic impact, because of its short duration,” Egan said in an email. “We are now scoping the request from the two Supervisors to determine how long it will take to complete it.”
Campos said his proposal should move forward and he welcomes the longer-term analysis for a possible subsequent vote to extend the moratorium another 10 months. It would take nine votes to approve the 45-day moratorium on market-rate development in the Mission. Campos currently has five supporters, including himself. Four votes among his colleagues remain in play.
Supervisors Mark Farrell and Scott Wiener, who announced the request, will ask for analysis of a two-year moratorium, the longest permissible under state law, on such things as the effect on housing and rental prices in the Mission and citywide. The analysis would also look at the impact on The City’s ability to produce new housing for all income levels.
Campos posited his own question for the study.
“The question is what will be the impact on the economy if what we do is focus on building affordable housing?” Campos said. “We believe that the answer will be a positive impact.”