Overview

• San Francisco missed its 2023 housing production targets, prompting state intervention.
• Senator Scott Wiener's SB 423 law eliminates most appeals and reviews for new housing projects in SF.
• The law reduces average approval times for housing projects from over two years to six months.
• San Francisco is now the first city in California to implement these automatic housing approvals.
• While developers welcome the change, high construction costs and interest rates remain challenges.