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Rules Committee advances charter measure creating Housing Opportunity Fund for extremely low‑income seniors, families and people with disabilities
Summary
The Rules Committee amended and continued a charter amendment to create an Affordable Housing Opportunity Fund aimed at financing project‑based rental subsidies for extremely low‑income seniors, families and people with disabilities; sponsors and advocates urged voters’ approval and the item was continued to July 15 for final committee action.
President of the Board Supervisor Aaron Peskin introduced amended language to a charter measure establishing an Affordable Housing Opportunity Fund intended to provide project‑based rent subsidies for extremely low‑income (ELI) seniors, families and people with disabilities and asked the Rules Committee to advance the proposal for the November ballot.
Peskin said the amended draft clarifies definitions and program rules and adds reporting and fiscal guardrails. He told the committee the measure would “require the city to appropriate at least $8,250,000 to the fund annually starting in 2627” and that the Controller would…
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