Originally posted to Unfamiliar Terrain
Two affordable housing measures are currently proposed for the November 5, 2019 ballot: (i) City Charter and Code amendments to encourage certain 100% affordable and teacher housing projects by providing for a streamlined ministerial — i.e., no CEQA — approval process for qualified projects and (ii) an up-to $500 million affordable housing bond.
Ministerial Review of 100% Affordable Housing and Teacher Housing Projects
This measure, which is sponsored by Mayor Breed and Supervisors Brown, Safai, and Stefani, would effectively eliminate CEQA requirements and Planning Commission, Historic Preservation Commission, Board of Supervisors, and Board of Appeals review for qualified 100% affordable housing and teacher housing projects.
This measure would:
Affordable Housing Bond
This measure, which is sponsored by Mayor Breed and Supervisors Yee, Brown, Safai, Walton, and Stefani, would authorize the City to incur up to $500 million in bonded indebtedness to finance the development and improvement/preservation of affordable housing (and related costs) and to levy taxes to pay for the principal and interest on these bonds. Landlords would be permitted to pass through up to 50% of the resulting property tax increase to residential tenants. The related affordable housing programs would prioritize working families, veterans, seniors, and persons with disabilities (including but not limited to down payment assistance for San Francisco Unified School District educators and other middle-income working households).
This measure is currently scheduled to be heard by the Budget and Finance Committee on June 6, 2019, during which a motion to refer the measure to the full Board for consideration on June 11, 2019, will be considered.
We will continue to track these measures, which have not yet been submitted to the Department of Elections.