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Mayor, supervisors clash over size of affordable housing bond as Mission moratorium push gains steam
Summary
Mayor Edwin Lee on Tuesday introduced a $250 million affordable-housing general obligation bond he said he plans to send to voters this November, saying the money would accelerate construction and rehabilitation of below-market housing and public-housing repairs.
Mayor Edwin Lee on Tuesday introduced a $250 million affordable-housing general obligation bond he said he plans to send to voters this November, saying the money would accelerate construction and rehabilitation of below-market housing and public housing repairs.
"I'm excited to join the members of our board to introduce a $250,000,000 affordable housing general obligation bond to take to the voters this November," Mayor Edwin Lee said in opening remarks at the Board of Supervisors meeting.
The mayor said the bond would be one part of a broader affordability plan that aims to build, rehabilitate and preserve housing for low- and middle-income San Franciscans, including public-housing residents and a new middle-class rental program.
Why it matters: Supervisors split over pace and scale of spending. Several supervisors — led by Supervisor Avalos and supported by Supervisors Marr and others — said $250 million falls short of what is needed to address displacement and affordability, especially in neighborhoods such as the Mission. They proposed exploring a…
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