San Francisco housing pipeline holds 74,121 units with 4% under construction | The Locally Times
The June 13, 2026, Housing Pipeline Report shows 33,784 units stalled in 13 major multi-phased developments.
San Francisco’s housing pipeline contains 74,121 proposed residential units, yet 33,784 of these homes remain in 13 major, multi-phased developments that have not reached the construction phase. Only 3,036 units, or 4% of the pipeline, are currently under construction. ## Pipeline Status The 74,121 units in the pipeline occupy different stages of the city’s regulatory process. Beyond the 46% of units tied to multi-phased projects, 16,959 units (23%) are under review as filed applications. Another 8,915 units (12%) have not filed building permits, while 7,636 units (10%) have filed permits that remain in processing. Major developments account for the largest share of stalled units. Candlestick Point and Hunter’s Point Shipyard contain 9,637 units, Treasure Island contains 6,273 units, and Parkmerced contains 5,314 units. The report does not provide a timeline for when these projects will move to active construction. ## Fiscal Impact The SFMTA (San Francisco Municipal Transportation Agency), which operates the city's transit system, faces a $307 million budget deficit projected to reach $430 million by 2030. The agency's board approved a $1.5 billion operational budget for Fiscal Year 2026-2027 on April 21, 2026. Without additional funding, the agency expects to eliminate 20 Muni routes and reduce evening service by 60% between 9 p.m. and midnight starting in the 2027-2028 fiscal year. Because the city relies on property tax revenue to fund services, the lack of new housing construction limits potential tax growth. The records do not specify the projected tax revenue loss resulting from the stalled status of these 13 major developments. ## Affordable Housing Of the 74,121 total units, 17,960 are designated as affordable housing. The SFPUC (San Francisco Public Utilities Commission), the agency that manages the city's water and power, scheduled a public hearing for June 23, 2026, in Room 400 of City Hall. The hearing addresses water supply provisions for affordable housing under California Government Code Section 65589.7, which requires water and sewer providers to grant priority to developments that include affordable housing units. ## Key Questions **How many units are currently being built in San Francisco?** The June 13, 2026, Housing Pipeline Report states that 3,036 units are currently under construction, representing 4% of the total pipeline. **Why are so many units stalled?** The report identifies 33,784 units as being part of 13 major, multi-phased developments, but it does not provide specific reasons for the delays or a timeline for when construction will begin on these sites. **How does the housing pipeline affect Muni service?** The city’s inability to move large-scale residential developments forward limits the growth of the tax base needed to address a $307 million transit deficit, which threatens to eliminate up to 20 Muni routes and reduce evening service by 60%.