Mission Affordable Housing Gets Boost

In the wake of the failed effort to impose a moratorium on market-rate housing in the Mission District, along with well-publicized worries about faltering affordability and cultural shifts in the neighborhood, the city has placed on the November 2015 ballot an Affordable Housing Bond question, which would pump millions into affordable housing in the Mission.

Lee praised the proposed bond and thanked supervisors London Breed, Julie Christensen, Malia Cohen, Mark Farrell, Katy Tang, and Scott Wiener, who all championed it. “I look forward to working with the entire Board to add $50 million identified by the controller to be dedicated to the acquisition and construction of affordable housing in the Mission neighborhood,” said Lee in a statement. “We have been looking at ways to increase the total amount of the 2015 Affordable Housing Bond, and this increase in the bonding capacity does just that, allowing us to propose a $300 million bond that does not raise property taxes.”