Nature Positive Cities Efforts to Advance the Transition San Francisco 2025

Page 12 of 37 · WEF_Nature_Positive_Cities_Efforts_to_Advance_the_Transition_San_Francisco_2025.pdf

1 City overview1.2 Situational context San Francisco’s gross domestic product (GDP) in 2022 was $655 billion, and approximately 60% of the revenue originated from information, professional and business services, and financing, insurance and real estate. 11 The four industries that employ the most people in San Francisco are professional, scientific and technical services, public administration, healthcare and social assistance, and information services, which account for more than half a million people together. 12 Due to housing affordability concerns in California, which have been prevalent since the 1970s, the Regional Housing Needs Allocation (RHNA) operates to help cities address housing inaccessibility and present them with opportunities to overcome this issue. 13 In 2022, there were only 414,581 housing units in San Francisco, and the RHNA stated that an additional 10,259 homes would need to be built per year between 2023 and 2031 to meet rising demand. 14 Due to the ongoing affordable housing crisis, among other social crises, the nature agenda is often deprioritized. Local biodiversity and the natural environment Natur e and climate change strategies Economical and developmental context KEY STATISTICS 414,581 housing units in the city 10,259 new homes needed per year between 2023-2031 Select the tabs to discover more 12 Nature Positive: Cities’ Efforts to Advance the Transition
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