The Balboa Reservoir project will be a huge benefit to the community

The Balboa Reservoir project will be a huge benefit to the community

I am a resident of Ingleside and I live across the street from the proposed Balboa Reservoir development. The opinion piece published recently, ‘Board of Supervisors should say no to the Balboa Reservoir project,’ made a few explosive claims, but unfortunately these claims do not line up to the facts of the matter. Let’s set the record straight on the Balboa Reservoir: this will be a massive benefit to the community and is a tremendous opportunity that we would foolish to squander.

The Balboa Reservoir project is true income-restricted affordable housing, by every definition of low income standards. Twenty-five percent of the affordable units will be prioritized for educator housing. This means that one person with an annual income of $68,000 to $103,000, or a four person household with an annual household of $98,000 to $148,000, will be eligible for the units. These ranges are typical for City College of San Francisco and San Francisco Unified School District educators who struggle to afford housing, but who make too much money for traditional low-income housing. Seventy percent of the units are required to be for deeply affordable housing. This includes annual income for one person of $26,000 to $68,000, or an annual household income of $37,000 to $98,00 for four people. The project will also include 20 units of affordable for sale homes from Habitat for Humanity. The developer will fund 67 percent of the affordable homes, and the city will fund the remaining 33 percent from the affordable housing fund. Very little of the actual cost will come directly from the city’s budget. This is also a factor in the price the developer paid for the land to the SFPUC since the housing is being paid for by the developer and largely not the city.

The community input process has been lengthy and thorough with feedback given at every step of the process. The Community Advisory Committee (CAC) has met monthly to get community input since 2015 (at least 40 hearings to date!). This input has led to key community benefits. The project will include four acres of public open space, an approximately 100-seat childcare center and a Community Room that can be used by anyone in the neighborhood. Additionally the project will contribute approximately $10 million in transportation sustainability fees to the citywide transportation system.

I’ve spoken with my neighbors on the matter and we are all incredibly excited about the project. The city really can be proud of going about this process the right way. This project is providing 550 greatly needed affordable units at very little cost to the taxpayer. At a time when the city needs housing above all and the budget is incredibly strained, we can’t let this opportunity slip away. The Board of Supervisors should enthusiastically approve this project and the many benefits it will give to our City College, our neighborhood, and our city.

Submitted on behalf of Southside Forward by Steve Marzo, an Ingleside resident.

If you find our journalism valuable and relevant, please consider joining our Examiner membership program.
Find out more at www.sfexaminer.com/join/

Just Posted

Students in an after-school community hub move quickly through a social circle as they play a game at the Mission YMCA on Friday, May 7, 2021. (Kevin N. Hume/S.F. Examiner)
Parents scramble for ‘Summer Together’ spaces

City program offering free camps sees high demand, confusion over enrollment

The San Francisco Giants celebrate team legend Willie Mays' 90th birthday before taking on the San Diego Padres at Oracle Park on May 7, 2021 in San Francisco, California. (Photography by Chris Victorio | Special to the S.F. Examiner).
Willie Mays returns to the ballpark for a special birthday bash

Giants celebrate No. 24’s 90th in an intimate party for a few thousand friends

Legislation introduced by Assemblymember Phil Ting has expanded the range of people who can request a gun violence restraining order against someone. (Kevin N. Hume/S.F. Examiner)
Use of gun violence restraining orders continues to rise

For the fourth year in a row, the number of gun violence… Continue reading

The Port of San Francisco, which controls much of the The City’s waterfront, faces potential layoffs due to a financial crisis caused by the pandemic. 
Steven Ho/
Special to S.F. Examiner
In a financial ‘crisis,’ SF Port officials lobby for stimulus funding

Looking to right their financial ship, Port of San Francisco officials are… Continue reading

Police Chief Bill Scott on Wednesday said a rebranding and reoganization of the former Gang Task Force amounts to “more than just the name change.” (Kevin N. Hume/S.F. Examiner)
Faced with surge in shootings, Chief Scott reenvisions SFPD’s Gang Task Force

New Community Violence Reduction Team adds officers with community-policing experience

Most Read