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Committee forwards 10-year capital plan, approves $340M affordable housing bond capacity
Summary
The Budget and Appropriations Committee unanimously forwarded the city's 10-year capital expenditure plan to the full Board and endorsed increasing affordable housing bond capacity to $340 million and a public health bond to $320 million, while urging climate-focused rehabilitation of existing housing stock.
The San Francisco Board of Supervisors Budget and Appropriations Committee on May 3 voted to forward the city’s proposed 10-year capital expenditure plan to the full Board with a positive recommendation.
Chair Supervisor Connie Chan said the committee has reviewed the plan for a third time and described an amended bond schedule that increases the proposed affordable housing and shelter bond to $340,000,000 and the public health and shelter bond to $320,000,000, with those measures tentatively scheduled for March and November 2024, respectively. Chan said prior changes to the schedule and bond language had prompted…
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