The Bond, proposed by Mayor London Breed and Board of Supervisors President Norman Yee, will appear on the November ballot and, if approved by voters, will fund the creation and preservation of affordable housing in San Francisco.
Over the next 12 months, the City will assume the San Francisco Housing Authority’s essential functions and has a plan in place to ensure a smooth transition.
Barriers and bureaucracy add time and costs onto affordable housing, costing the city millions of dollars per project and discouraging affordable housing development.
Two future housing sites in San Francisco received funding from the State’s Affordable Housing and Sustainable Communities Program to support transit-oriented affordable housing,