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Supervisors move to expand housing bond to $600 million, add educator and senior allocations
Summary
Budget committee members agreed to amend the proposed housing bond to $600 million and add dedicated allocations for senior housing and educator housing while directing the mayor's housing office to prioritize geographic equity and rapid deployment.
San Francisco's Budget and Finance Committee on June 13 advanced amendments to the city's proposed housing bond, increasing the measure from $500 million to $600 million and adding targeted allocations for educator and senior housing.
The committee's president introduced a package of changes that would boost the low-income housing allocation, expand preservation funds and create a new $20 million category for housing that serves teachers and certain other educators. The package also raises the senior-housing allocation to $150 million and designates geographic set-asides—funds reserved for neighborhoods with low prior production of affordable units or high displacement risk.
Supporters said the additional money gives the city a better chance to protect long-term residents and prioritize groups that have been priced out of the market. Kate Hartley of the Mayor's Office of Housing and Community Development summarized the recommendations, including time limits that would reallocate unspent dedicated funds back into other affordable-housing categories if they are not committed within four years.
Public testimony at the meeting emphasized senior housing, rent subsidies for existing pipeline projects and increased funding to keep teachers and school staff in the city. Several tenants' and advocacy groups urged larger senior allotments and stronger anti-displacement spending.
The committee did not vote on final language; supervisors moved to continue the items and return a filed motion and a revised bond report to the committee for a June 21 hearing and further review. The committee instructed the mayor's housing office to prepare the revised bond report with the new allocations and equity priorities for the full board.
Next steps: Committee approval with the amendments would send the $600 million bond and bond report to the full Board of Supervisors for consideration before the measure is placed on the November ballot.
