Construction Stimulus Drives New Projects
by John Upton, sfexaminer.com, 07.22.2010
SAN FRANCISCO — An uptick in building-permit applications filed this month suggests that a 3-week-old local construction stimulus program is working, The City’s top building official said.
A sharp slowdown in construction activity followed the late-2008 credit crisis, leaving scores of San Francisco’s blue-collar workers unemployed and creating a growing shortage of new condos. Developers and builders have long complained that fees charged by The City on building projects, which help fund neighborhood improvements to offset project impacts, create barriers to construction and are difficult to finance.
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Creating jobs: Since The City started deferring development impact fees July 1, there have been 30 applications to build homes or do other construction work. (Examiner file photo)
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On Wednesday, Department of Building Inspection Director Vivian Day told building commissioners that the program appears to be meeting its goal of stimulating construction.
“It is working, albeit very slowly,” Day said. “It is having an impact on the amount of projects that are being submitted for plan checks.”
Since July 1, 30 applications to build new homes or conduct other construction work requiring payment of impact fees have been filed, Day told building commissioners. None are related to high-rise buildings.
Builders do not need to immediately apply for the fee deferral in order to qualify, but Day said she expects fees on many of the 30 projects to be deferred to some extent.........read more
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