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Committee advances $300 million affordable housing bond and March 2024 special election measure
Summary
The Budget & Finance Committee voted to forward to the full Board of Supervisors a resolution authorizing up to $300 million in bonds for preservation and development of affordable rental housing and an ordinance calling a March 5, 2024 special election. Public speakers urged required methane removal in low‑income rehabs and officials said oversight and audits would apply.
The San Francisco County Budget & Finance Committee on Nov. 1 voted to send to the full Board of Supervisors a bond measure that would authorize up to $300 million in debt to finance construction, acquisition and rehabilitation of affordable rental housing and an accompanying ordinance to place the measure on the March 5, 2024 special election ballot.
Chair Supervisor Connie Chan moved the items to the full board with a recommendation after the Budget and Legislative Analyst updated its earlier recommendation to approve the items. The committee ultimately recorded a final roll call returning three ayes and advanced the measures.
Why it…
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