Housing Fund: Mayor Announces Housing Fund Initiative
Mayor Edwin M. Lee today announced the introduction of a Housing Trust Fund Charter Amendment to the Board of Supervisors to protect family housing in San Francisco. If adopted by the Board and approved by voters, a permanent source of revenue would fund the creation of housing that is affordable to low and moderate households in San Francisco for the next 30 years. The measure is expected to go before voters in November.
"Creating a permanent source of revenue to fund the production of housing in San Francisco will ensure that San Francisco is a viable place to live and work for everyone, at every level of the economic spectrum,"said Mayor Lee. "Creating affordable and middle class housing will also help build our economy and create jobs in San Francisco." Read more.