Study: SF Losing Rent-Controlled Apartments As Fast As Its Adding Affordable Units
SAN FRANCISCO (CBS/AP) -- A new study finds San Francisco is losing rent-controlled apartments almost as fast as it is adding new affordable units.
The city's Housing Balance Report shows about 5,500 apartments were removed from so-called protected status between 2004 and 2014. The city added about 6,600 affordable units during the same period.
It comes as the city's housing market is booming, with rents in some neighborhoods topping $3,000-a-month for a one-bedroom apartment.
Supervisor Jane Kim said the loss of rent-controlled units is having a much bigger impact than she would have thought.
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