Build Inc. has been served a second notice of default on the loan behind its approved 24-acre housing project at 700 Innes Avenue in India Basin. The city park next door at 900 Innes is on a separate track and stays open.
Mayor Daniel Lurie declared a rent emergency on September 10, citing a 26 percent rise in median rents and a 44 percent rise in eviction notices, and backed eviction and rent-increase limits at the Board of Supervisors.
A state appeals court ruled on September 11 that San Francisco’s voter-approved Empty Homes Tax conflicts with the Ellis Act and cannot be collected, affirming a 2024 trial court decision.
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