Sup. Chyanne Chen has introduced legislation that would require developers who demolish housing in vulnerable communities replace existing affordable units with new units at the same price.
It’s a pretty basic concept. As Chen noted at a Planning Commission hearing Thursday, a developer who tears down a five-unit building in Chinatown occupied entirely by very-low-income tenants and replaces it with 25 new units would be required only to include three affordable units, and they might not be affordable to the tenants displaces…