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6 posts from December 2012

12/03/2012

Affordable Housing: Mayor Announces Housing Fund Investment Results

Mayor Announces Investment Result of Voter-Approved Housing Trust FundMayor Edwin M. Lee announced the first funding commitments for affordable housing and down payment assistance funded through the Housing Trust Fund, passed by San Francisco voters in November. The Housing Trust Fund provides a permanent source of revenue to fund the creation of affordable housing for low and middle income households for the next 30 years.

“A growing and vibrant economy requires a diverse supply of new housing,” said Mayor Lee. “San Francisco voters know that creating a permanent source of revenue to fund housing production will allow San Francisco to remain a viable place to live and work for people at all levels of the economic spectrum. And, a down payment assistance program will help keep families in our City and support a diverse workforce.” Read more.