Washington, D.C. – (RealEstateRama) — Democratic Leader Nancy Pelosi released the following statement after the City and County of San Francisco and the U.S. Department of Housing and Urban Development (HUD) agreed to an anti-displacement strategy. In a letter to Secretary Castro, Leader Pelosi had urged HUD to support one of San Francisco’s key efforts to address housing affordability and tenant displacement.
“Secretary Castro deserves praise for achieving a solution that ensures San Francisco residents at the highest-risk of displacement due to gentrification have priority in newly developed affordable housing. Today’s achievement would not be possible without the dogged determination of Board of Supervisors President London Breed, and the steadfast efforts of Mayor Lee and the entire City Family.
“The new Anti-Displacement strategy represents an important step forward for our communities. However, preserving the principle of neighborhood preference will be essential in protecting the rights of local residents to remain in their community. In San Francisco, we know that the beauty is in the mix. We must ensure strong, thriving African American and Latino communities always remain a part of the vibrant fabric of our city.”
Contact: Drew Hammill/Caroline Behringer, 202-226-7616