S.F. prioritized building homes for the ‘missing middle.’ 80% of units sit empty

Ventana’s market-rate units are meeting expectations with about 70% of them leased. So are the deeply affordable units focused on families making 55% of area median income, or AMI, or about $72,000 for a family of three. Those have all been leased. But of the 14 units intended for households at the 110% level, only two have found takers. Those units start at $2,600 for a studio and go up to $3,600 for a three-bedroom. At first, the BMR leasing seemed to be going well: more than 1,000 would-be tenants...