04/14/2014

Urban Development: Mayor Celebrates Central Market Revitalization

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San Francisco, CA—Mayor Edwin M. Lee today highlighted the ongoing revitalization of the Central Market neighborhood three years since the creation of the Central Market/Tenderloin Payroll Expense Tax Exclusion. The tax exclusion was adopted by the Board of Supervisors and signed by the Mayor in April 2011 when Central Market had some of the highest vacancy rates in the City. Central Market is now home to 18 technology companies, 17 small businesses and eight arts venues as part of the City’s revitalization efforts. Since 2011, the City has collected $8.4 million in additional revenue from increased property tax and real estate transfer tax in the Central Market area.

“The turnaround and signs of revitalization in the Central Market area in just three years are remarkable, but we have more work to do to help longtime residents and new small business owners alike,” said Mayor Lee. “The Tax Exclusion was carefully crafted to attract investment into the heart of our City, which for years suffered from high vacancy rates and stubbornly resisted previous attempts at revitalization, and it has been a nationally- recognized success. Today, Central Market is at the center of new job creation, housing production and the arts in our City, generating new jobs and bringing millions of dollars in new revenue to fund vital City services for the neighborhood. The decades of disinvestment and abandonment by the public and private sectors in Central Market are over, and we will not turn back the clock on our promising efforts to create a healthy, vibrant and economically diverse community in the Central Market neighborhood.” Read more.

03/17/2014

Housing Initiative: Mayor Announces Home Loan Assistance Program

6a01156ebcb4c7970c01a3fcd4a703970cSan Francisco, CA—Mayor Edwin M. Lee today announced the doubling of loan amounts for San Francisco’s Down Payment Assistance Loan Program (DALP), a homeownership program that provides financial assistance to low- to moderate-income first time home buyers, by offering a deferred-payment loan that requires no repayment for 40 years or at the re-sale of the unit. Starting this week, individual loans of up to $200,000 will be available to qualified buyers.

“The expansion of the DALP program proves the immediate and tangible impact of the Housing Trust Fund to assist the City’s first time home buyers and provide homeownership opportunities for San Francisco residents,” said Mayor Lee. “This down payment assistance program has assisted many working families in our City and will continue to support our diverse workforce that is so critical to our economy.” Read more.

03/13/2014

Volunteer Startups: Mayor Announces Startups Selected for EIR Program

13mar2014_mayorMayor Edwin M. Lee announced that the City has selected six startup companies to participate in a new “Entrepreneurship-in-Residence” program, a voluntary, sixteen-week collaboration to bring together the private sector and City departments to explore innovative solutions to civic challenges that can lower costs, increase revenue, and enhance productivity.

“San Francisco is home to the world’s greatest entrepreneurs, the ones who have ‘disrupted’ numerous industries, and we are bringing those same disruptive technologies to improve delivery of City services for our residents,” said Mayor Lee. “The Entrepreneurship-in-Residence program brings together government and startups to explore ways we can use technology to make government more accountable, efficient and responsive.” Read more.

02/28/2014

Employment Pilot: Mayor Announces Program to Help Long Term Unemployed

Unemployment_28feb14Mayor Edwin M. Lee today launched Platform to Employment (P2E), a new pilot workforce development program that provides a pathway to employment for long-term unemployed workers. In San Francisco, approximately 4,200 residents are losing their Federal unemployment benefits which are used to pay for everyday expenses. The program participants receive three tiers of critical assistance: job readiness workshops, counseling and behavioral health services and eight weeks of work experience at a local company.  

"At a time when thousands of people are losing their Federal unemployment extension benefits in our City, Platform to Employment helps the long-term unemployed get back on track," said Mayor Lee. "Platform to Employment will help the long-term unemployed overcome challenges by providing new job search skills, access to financial counseling, and an opportunity to re-enter the workforce." Read more.

02/27/2014

Muni Funding: Mayor Announces Google Gift to Fund Muni for Youth

Muni Funding: Mayor Announces Google Gift to Fund Muni for YouthMayor Edwin M. Lee, Board President David Chiu, Supervisor David Campos, Supervisor Scott Wiener and the San Francisco Municipal Transportation Agency (SFMTA) today announced an unprecedented $6.8 million gift from Google to fund an additional two years of Free Muni for Low Income Youth. The popular pilot program is currently funded by the Metropolitan Transportation Commission through June 2014 and provides monthly free muni passes to more than 31,000 low-income San Francisco youth ages 5 to 17. The $6.8 million gift is one of the largest private contributions towards direct City services in San Francisco history.

"Continuing to provide free Muni for thousands of young people from lower-income households will help make our City more affordable for working families," said Mayor Lee. "With this unprecedented gift from Google, we can keep this successful pilot program running for at least two more years at no cost to taxpayers or Muni riders and free up critical funds for other vital Muni maintenance and services. Google is demonstrating with real action and real resources that they are a true partner in addressing our City's affordability crisis for lower and middle-income families. I want to thank Google for this enormous gift to the SFMTA, and I look forward to continuing to work with this great San Francisco employer towards improving our City for everyone." Read more.