Homeless shelter, looming IPOs have San Francisco on affordability edge

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Waterfront uproar among recent examples of strife in an expensive city both overwhelmed by tech wealth and passionate about social justice

San Francisco’s renowned waterfront hosts joggers, admiring tourists and towering condos with impressive views. It could also become the site of a new homeless shelter for up to 200 people.

And as the city continues to grapple with a housing shortage, the entire Board of Supervisors was roasted on social media this month for rejecting a 63-unit housing project because it would cast shadows over a nearby park in an area with little green space. “You’re going to have a period of incredible demand not just from tech, by any means, but by rates being lowered in the last week,” Townsend said. “The real problem is we can’t even remotely meet demand.”

San Francisco opened its first homeless “navigation centre” in 2015 and currently operates six throughout the city. Unlike traditional shelters, the centres allow people to bring pets and don’t kick them out in the morning.

 

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