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Supervisors back ordinance to create housing production and preservation fund using excess ERAF revenue
Summary
The Board of Supervisors unanimously passed on first reading an ordinance to create an Affordable Housing Production and Preservation Fund that directs a share of future excess Education Revenue Augmentation Fund (ERAF) revenues for land acquisition, production of 100% affordable housing and preservation of existing housing.
The Board of Supervisors on June 4 unanimously passed on first reading an ordinance introduced by Supervisor Scott Wiener (presenter: Supervisor Matt Haney and Supervisor Aaron Peskin joined the discussion) to create an Affordable Housing Production and Preservation Fund that will receive excess Education Revenue Augmentation Fund (ERAF) revenues.
Supervisor Aaron Peskin (note: Supervisor Mark Farrell name not in transcript; primary sponsor remarks were made by Supervisor Scott Wiener in committee and…
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