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Residents, advocates urge supervisors to oppose BUILD Act and preserve Prop I funding
Summary
Dozens of public speakers told the Board of Supervisors during general comment March 10 to oppose the BUILD Act and any repeal of Prop I, arguing the real-estate transfer tax funds rent relief and affordable housing programs and that repeal would harm tenants and reduce revenue for social housing.
During general public comment at the March 10 meeting, dozens of residents, organizers and housing advocates urged the Board of Supervisors to oppose the proposed BUILD Act and any effort to repeal Prop I (the 2020 real-estate transfer tax).
Speakers from neighborhood groups, the San Francisco Community Land Trust and housing-advocacy organizations described Prop I as a critical revenue source for rent relief, affordable-housing preservation and land banking. Kyle Smeely, policy director for the San Francisco Community Land Trust, said…
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