Trinity Plaza – FINALLY! – Gets Out of Land Use Committee

Under the proposed project, 1900 rental housing units will be built at the corner of 8th and Market – revitalizing a street corner in the heart of Downtown. In a historically unprecedented move, the developer has agreed to build 360 rent-controlled units – which the current tenants at Trinity Plaza will be able to occupy. Even after these tenants move on, the deed restrictions will keep these units regulated – despite state law that exempts rent control from new construction.

In compliance with the City’s inclusionary housing law, an additional 15% of the other units (231) will be “permanently affordable” for tenants making 60% of the area median income. Therefore, the project will have a combined total of 591 below market-rate rental units – in an era where it is extremely difficult for the private market to build any rental housing at all. For all the talk that new housing units in South-of-Market are changing the political demographics of District 6, progressives should applaud this new development.

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