The long-stalled project to bring housing for low-income seniors to 55 Laguna St. in Hayes Valley received a boost when San Francisco announced it will provide $6.1 million from the newly created Housing Trust Fund.
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The rush of money into city political campaigns was not just limited to candidates. Campaigns for several San Francisco ballot measures had price tags in the neighborhood of $1 million.
Based on recent filings with the Ethics Commission, the largest spending on ballot measures was for the $195 million parks bond and on the measure to replace San Francisco’s business payroll tax with a tax on gross receipts. Both campaign war chests were about $1 million.
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A breakdown of what San Francisco propositions passed and failed in the 2012 election.
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If approved by voters this November, San Francisco’s 30-year plan to fund affordable-housing development would undergo scrutiny every five years under a proposal headed toward approval by the Board of Supervisors.
Mayor Ed Lee’s Proposition C, the Housing Trust Fund, would change San Francisco’s affordable-housing requirements and sink more than $1 billion into housing construction and housing programs for the next three decades.
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Mayor Ed Lee’s answer to the pressing need for more housing in San Francisco is November’s Proposition C, which would establish a housing trust fund.
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San Francisco’s most common type of infill residential developments were exempted Tuesday from The City’s affordable housing requirements as part of a deal to help ensure passage of Proposition C, the Housing Trust Fund, in November’s election.
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URL: http://www.sfexaminer.com/topics/housing-trust-fund
