Rules Committee forwards charter amendment to set baseline affordable housing funds to full Board
The Rules Committee voted to forward a charter amendment that would create a baseline appropriation and set-aside for affordable housing, require a mayoral housing plan every three years, and urge the redevelopment agency to dedicate 50% of tax increment funds for low- and moderate-income housing; committee members sought final language and fiscal details before the full Board.
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The San Francisco Rules Committee on a special meeting day forwarded a charter amendment to the Board of Supervisors that would establish a baseline appropriation and annual set-aside for affordable housing, require the mayor to prepare an affordable housing plan every three years, and urge the redevelopment agency to devote at least 50% of tax-increment funds to low- and moderate-income housing.
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