WASHINGTON, D.C. – September 9, 2015 – (RealEstateRama) — Today Mayor Edwin M. Lee together with Board President London Breed and other members of the Board of Supervisors set forth a blueprint to provide more than 10,000 permanently affordable homes to families and residents by 2020, the most critical component of the Mayor’s 2020 housing goals. The Mayor’s Blueprint to 10,000 requires the introduction of five critical pieces of affordable housing legislation throughout the month of September including rehabilitating public housing, preserving affordable housing, stabilizing neighborhoods by keeping people in their homes, and keeping neighbors living in their communities, building more affordable units within market rate developments and accelerating and incentivizing the production of more permanently affordable units.
“San Francisco’s housing crisis demands our continued, aggressive leadership, and with this clear blueprint of making more than 10,000 affordable units available to low and middle income families and residents, we are delivering on our promise to keep San Francisco a city for everyone,” said Mayor Lee. “From those at-risk of displacement to those living in public housing to low-income families, we are increasing production of affordable housing, stabilizing neighborhoods, and increasing affordability for our City’s families. By 2020, new affordable units will be in place in growing neighborhoods like SOMA and Transbay. And more will be stabilized in at-risk neighborhoods like the Mission and Chinatown. This November’s proposed $310 million affordable housing bond that does not raise property taxes will provide additional resources we need to increase production of permanently affordable housing up to and beyond 2020.” Read more.
