households benefiting from rent- controlled. it is lower than the average rent asked for a vacant apartment. it is the 40th percentile. that is why we re choosing it. it is the middle point we think is reasonable in terms of expecting a person could easily find an apartment at the 40th percentile points. yes? supervisor chiu: that is average citywide read? rent? if it were higher than that, there would be an affordability gap? does mo break that down? it can be useful to look at the city as a whole. people are part of a particular community or neighborhood. they are not necessarily comfortable moving to different neighborhoods if they have been in one long time. i do not think hud looks at fair market at that level detail. we could look at census data on the neighborhood level. the top line of the chart represents a couple earning 80% of median income looking for a one-bedroom apartment. they are only willing to spend 30% of their income on rent. they re looking for somet
land so that we can use it for affordable housing development. that is limited to certain neighborhoods and zoned areas. home prices have to be set at affordable levels for qualifying households. in 2011, a three-person household earning $80,000 would pay about two under $55,000 about $255,000 for a unit. this is a project under development. this is 1200 ocean avenue by city college. all housing units are on site. to show an example, a 1-bedroom is $158. it shows the income ranges were the households would be served. there is also rental information. this project will have a whole foods market on the ground floor and be right across the street from an affordable housing development we are funding. in terms of accomplishments, this shows the housing production from 2002 to 2011. we built over 10,000 units up to 120% of ami. a majority of units were targeted to less than 50% because of funding sources we used. since the inception of the mayor s office of housing, we have help
apartments bit their budget. larger households may have to stretch. the 4-person household will find a $500 price difference. the good news is households earning 100% is that their housing budget at 30% of income could still afford a typical standard apartment in the city. our city is in some sense serving moderate incomes through our rental market. i will move on to teresa. we will go briefly over the program the mayor s office administers to address housing development for low-income renters and prospective home buyers as well as the inclusion dairy program inclusionary program. a lot of housing production we have done has been affordable rental development as well as preservation through new construction as well as acquisition and relocation of existing housing stock or to react adaptation or we adaptation of existing buildings. the housing we will typically help to finance is one of the 2% permanently affordable is 100% permanently affordable. we look for long-ter
active office that is dedicated to building affordable housing in san francisco. and i do want to thank my colleagues for being patient by not asking their questions yet, and i do know we have a lot of questions for the mayor s office on housing, so stick around, and we wanted to get to public comment, and i have about 50 cards, and i have not picked up the next staff yet. you have to the limits for public comment, and i will call the first 10 names that have on a card, so if you can come and lined up, and i know that two minutes is not a long time. i apologize for the amount of time that we are giving, but i do want to thank you for your patience and for being here today, and first, i want to bring up keep camp. i apologize if i can read your card very well. jack, bruce, patti, conti, angelina, rose, jason fraser, henry webb, and steve wu. thank you, supervisors. my name is keith kemp. i lived in san francisco. free my people, free my people, free my people. those who wo