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San Francisco leaders propose $340M bond for affordable housing in March 2024

May 03, 2023 | San Francisco County, California


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San Francisco leaders propose $340M bond for affordable housing in March 2024
The San Francisco County government meeting on July 4, 2025, focused on critical discussions surrounding affordable housing and climate initiatives. Key stakeholders emphasized the urgent need for a local bond to support affordable housing efforts, with a proposed $340 million bond aimed at addressing the city's housing crisis.

Peter Papadopoulos from the Mission Economic Development Agency expressed strong support for advancing a local affordable housing bond in March 2024. He highlighted the pressing need for 46,000 affordable housing units to be either preserved or produced by 2031, noting that the Latino community in the Mission District has faced significant displacement, with over 10,000 residents lost since February. Papadopoulos urged collaboration on both local and regional housing bonds to tackle the challenges effectively.

In addition to housing, the meeting also addressed climate concerns. Michael Olexo from the San Francisco Climate Emergency Coalition called for the establishment of a climate bond to fund conservation efforts, including insulation, solar energy, and electric vehicle charging infrastructure. He stressed the importance of convening city department heads regularly to coordinate efforts and secure funding for climate initiatives.

Sarah Greenwald echoed the need for integrating climate goals with housing rehabilitation efforts. She advocated for retrofitting existing affordable housing to all-electric power, which would not only create jobs but also reduce emissions. Greenwald warned that federal funding for climate initiatives may not be available indefinitely, urging prompt action from city officials.

The discussions underscored a collective commitment to addressing San Francisco's housing and climate challenges through innovative funding strategies and collaborative efforts. The proposed local bond and climate initiatives are seen as essential steps toward stabilizing communities and promoting sustainability in the city.

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