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  • Voters Approve the Mayor’s Ballot Initiative Calling for a Goal of 30,000 New Dwellings of which 30% Percent will be Affordable

Voters Approve the Mayor’s Ballot Initiative Calling for a Goal of 30,000 New Dwellings of which 30% Percent will be Affordable

January 07, 2015

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Last November San Francisco voters approved Mayor Lee's proposal to establish policies and goals to construct at least 30,000 new housing units by 2020 with at least one-third of those permanently affordable to low and moderate income families, and the majority of those within financial reach of working, middle income San Franciscans. The measure states several means by which to achieve that goal, including:

  • A funding strategy developed by the Mayor and Board of Supervisors to drive a range of housing initiatives including rehabilitation of public housing, acquisition and rehabilitation of existing rent control units in "at risk" neighborhoods and construction of new affordable housing.
  • A new Revenue Plan that will pursue new revenue sources to build new housing and provide down payments for middle income households.
  • An economic nexus analysis undertaken by the Planning Department to study whether luxury housing development creates a negative impact on "demand for" middle income housing.

For more information, please contact:

M. Brett Gladstone

415-995-5065 Direct Phone
415-995-3517 Fax

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