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Supervisors back creation of Senior Operating Subsidies (SOS) fund to lower rents at senior developments
3006260 · April 16, 2025
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Summary
The board passed an ordinance on first reading to establish a Senior Operating Subsidies Fund seeded in the budget, aiming to lower rents in affordable senior housing developments so units match seniors’ fixed incomes.
The Board of Supervisors on July 16 approved on first reading an ordinance to establish a Senior Operating Subsidies (SOS) program fund to reduce rents for low‑income senior housing units.
Sponsor Supervisor Norman Yee said the fund responds to a gap in affordable senior housing: many newly built “affordable”…
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