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Committee backs expanded $310 million housing bond framework for November ballot
Summary
The Budget & Finance Committee accepted amendments to increase a proposed affordable housing bond to $310 million, outlining allocations for low-income, Mission-specific, public housing rebuilds and middle-income programs, and continued the ordinance for further committee review.
The San Francisco Budget & Finance Committee on June 24 accepted amendments to the proposed November housing bond and agreed to continue the measure for further review.
Kate Howard, the mayor’s budget director, told the committee the administration and controller had identified a way to increase the mayor’s originally proposed $250 million bond to $310 million “without raising property taxes and without impacting the city's capital plan.” Howard laid out the…
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