Much of Bay Area Lagging Far Behind Even SF on State-Mandated Housing Goals

San Francisco has permitted only 5% of its state-mandated housing units, falling short of its 82,000-unit goal by 2031. Many Bay Area cities are doing worse, with some below 1% of their targets. Despite state laws to streamline approvals, high construction costs, interest rates, and tariffs deter developers. A 2024 law to fast-track SF projects has had minimal impact, showing that cutting red tape alone isn't boosting housing development.