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Rules Committee forwards 15‑year affordable‑housing charter amendment to full board amid administration concerns
Summary
Supervisor Daly’s charter amendment would lock a baseline of current housing spending and set aside 2.5 cents per $100 of assessed value for affordable housing over 15 years; the Rules Committee forwarded the measure to the full board as a committee report without recommendation after extensive testimony from administration staff and community groups.
The San Francisco Rules Committee on Friday heard several hours of testimony on a proposed charter amendment that would establish a baseline appropriation for housing and create a 15‑year set‑aside equal to 2.5 cents on each $100 of assessed property value to fund new affordable housing programs.
Sponsor Supervisor Daly told the committee the measure is intended to preserve an existing baseline (cited at roughly $88 million) and generate an estimated $33–$34 million in the first full year from the proposed set‑aside. Under the amendment’s programming language, 40% of new units funded by the set‑aside would be targeted to households at or below 30% of San Francisco’s median income (the sponsor noted roughly $24,100 for a family of four at that level), another 40% at up to 60% of median income (about $48,200 for a family of four), and up to 20% for homeownership,…
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