Beyond Chron writes about Mayor Lee’s Thursday announcement of plans to expedite construction of affordable housing.

The new policy gets affordable housing projects into construction 3-5 months earlier, and saves taxpayers over $2 million per year. Most importantly, Lee’s plan creates powerful incentives for private developers to increase their on-site inclusionary affordable housing requirements from 12% to 20% and offsite from 20% to 30%; they either agree to the mayor’s higher numbers or go to the back of the line. READ MORE