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San Francisco affordable housing funding initiatives

Overview

In San Francisco, a coalition including Mayor Daniel Lurie, building trade unions, and community organizers is advocating for Proposition C. This measure seeks to more than double the city’s annual funding for the construction and preservation of affordable housing.

If approved, the measure would implement annual contribution increases starting in 2029, aiming to reach $125 million with potential 3% annual increases through 2058. Supporters suggest this structure will help stabilize housing production against economic cycles.

Entities

Los Angeles · Karen Bass · Council of Community Housing Organizations · Daniel Lurie · Los Angeles City Council

Timeline

  1. [POLITICS] 2 sources
    San Francisco moves to boost affordable housing funding via Proposition C

    San Francisco's Proposition C seeks to increase annual affordable housing funding to $125 million, while Los Angeles has approved a record $466.6 million for similar initiatives.

  2. [BUSINESS] 2 sources
    Los Angeles approves record $466 million for affordable housing

    The Los Angeles City Council approved a record $466.6 million to fund the construction and preservation of affordable housing, largely supported by the Measure ULA mansion tax.

Sources

48hills.org · dailypilot.com · mynewsla.com · sfpublicpress.org