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Mayor Lee urges $300 million housing bond, seeks $50 million for Mission stability
Summary
Mayor Edwin Lee told the Board of Supervisors the proposed 2015 affordable housing bond should be increased by $50 million to target the Mission neighborhood, bringing the bond to $300 million as part of a broader multi‑year housing plan.
Mayor Edwin Lee told the San Francisco Board of Supervisors on July 9 that his proposed 2015 budget includes a balanced spending plan and a request that the board amend the city's proposed affordable housing bond to add $50,000,000 dedicated to planning, acquiring and building affordable housing in the Mission neighborhood.
Lee said the increase would lift the 2015 affordable housing bond to $300,000,000 without raising property taxes and would be part of a larger five‑year, $1.1 billion affordable housing response plan that he said aims to build, rehabilitate…
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