City to build housing for 500 teachers

Mayor Ed Lee announced plans Wednesday to build and preserve housing for 500 educators by 2020.

Lee and Richard Carranza, San Francisco Unified School District superintendent, said strategies to achieve the plan’s goals include jointly financing at least one new development in The City for educator housing and developing a rental subsidy program for teachers, according to a news release.

Under the plan, the Teacher Next Door program that provides downpayment assistance to purchase homes in The City would be renewed, and funding would be provided for Housing Navigators — counselors that connect teachers with resources available through existing below market rate programs and eviction prevention services.

“An investment in a teacher is an investment in the success of our City and the success of our young people,” Lee said in the news release. “Our new strategy to create opportunities for 500 teachers and educators to find affordable housing in San Francisco — from homeownership to rental subsidies to dedicated teacher housing to eviction prevention — is another step in finding real solutions for our City’s housing affordability crisis.”

Lee made the plan announcement with SFUSD officials, along with Board of Supervisors President London Breed, supervisors Julie Christensen, Malia Cohen, Mark Farrell and Katy Tang.

According to the news release, the plan aims to provide 200 forgivable loans through the Teacher Next Door downpayment assistance program that will be renewed if the voters approve the $310 million Affordable Housing Bondmeasure on the November ballot.

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