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San Francisco Budget Committee discusses potential local affordable housing bond for 2024

May 03, 2023 | San Francisco County, California


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San Francisco Budget Committee discusses potential local affordable housing bond for 2024
In a recent meeting of the San Francisco County Budget Appropriations Committee, community leaders and residents voiced urgent calls for increased funding and innovative strategies to tackle the city's affordable housing crisis. The discussions centered around the potential for a local housing bond, which could be pivotal in addressing the growing demand for affordable housing and stabilizing the local economy.

Zack Wasenberger, representing young community developers, emphasized the necessity of long-term resources to meet the city’s ambitious housing goals. He highlighted the significant shortfall in funding and urged the city to consider a local housing bond in conjunction with upcoming elections in March and November 2024. "Voters recognize that including affordable housing in our capital plan is how we stabilize neighborhoods and house our most vulnerable residents," he stated, underscoring the bond's potential to provide a consistent revenue source for affordable housing projects.

Rick Berlin, a long-time resident of Bernal Heights, added another layer to the conversation by advocating for a dual approach that combines affordable housing initiatives with climate action. He proposed repurposing vacant buildings to create environmentally sustainable housing, which would not only address housing shortages but also contribute to climate justice. "Updating public housing with all-electric utilities reduces costs and greenhouse gas emissions," he noted, calling for a comprehensive strategy that intertwines housing and environmental concerns.

Board President Baskin acknowledged the complexity of the discussions, noting the various needs within the community, including housing for artists and women. She reiterated the importance of considering climate change in all funding decisions, stating, "The best form of carbon sequestration is to keep and adaptively reuse the buildings that we have."

As the city prepares for potential housing bond measures, the voices from this meeting reflect a community eager for action. The proposed local bond could serve as a crucial tool in not only addressing the immediate housing crisis but also in fostering a sustainable future for San Francisco. The committee's next steps will be vital in determining how these discussions translate into concrete actions that benefit residents across the city.

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