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Supervisors back study of Enhanced Infrastructure Financing District to support affordable housing; vote 10–1
Summary
A resolution expressing interest in exploring an Enhanced Infrastructure Financing District (EIFD) to support affordable housing and well-resourced neighborhoods passed 10–1. Supervisors debated whether EIFDs would divert tax capacity from other city needs and whether bonds or regional financing should be prioritized.
San Francisco — The board adopted a resolution on Sept. 30 asking the Controller’s Office, the Office of Economic and Workforce Development and the Mayor’s Office of Housing and Community Development to study options for forming an Enhanced Infrastructure Financing District (EIFD) to support affordable housing production in well-resourced neighborhoods.
The measure passed 10–1, with Supervisor Chan recorded as the sole no vote. The resolution is an expression of interest that directs departments to analyze EIFD structures and report back with options; it does not create or form a financing district by itself.
Why it matters An EIFD would allow the city to use increments of property-tax growth for a defined period to fund infrastructure and…
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