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San Francisco officials tell committee targeted exemption would unlock net-new workforce housing
Summary
San Francisco's housing director and a mayoral representative told the committee that a targeted expansion of the welfare tax exemption could make certain deed-restricted workforce projects feasible while protecting affordability through reinvestment and guardrails.
Dan Adams, director of the San Francisco Mayor's Office of Housing and Community Development, testified that San Francisco is a sponsor of AB 1294 and described the proposal as a "focused and targeted opportunity to expand the Welfare Tax Exemption." He emphasized the pilot is structured with guardrails, a sunset, and an intent to stimulate production of net-new units rather than recategorize existing housing.
Dylan Elliott, speaking on behalf of San Francisco Mayor Daniel Lurie, said the mayor's office is a proud sponsor and voiced "strong support." Adams and other supporters argued the limited property-tax relief should flow to tenants in the form of lower rents and make some mixed-income projects financially viable.
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