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Board votes to place $300 million affordable housing bond on March 5, 2024 ballot
Summary
The Board of Supervisors approved an ordinance calling a special election March 5, 2024 to ask voters to authorize $300 million in general obligation bonds for the construction, acquisition or rehabilitation of affordable rental housing. Sponsors said the measure could finance roughly 1,500 units across income levels.
The San Francisco Board of Supervisors on Nov. 14 approved on final passage an ordinance calling a special election March 5, 2024 for a $300 million affordable housing general obligation bond.
The ordinance would permit the city to issue $300,000,000 in bonds to finance construction, acquisition or rehabilitation of rental affordable housing — including workforce and senior housing — for households from extremely low to moderate…
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