This is an archive of a past election.|
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Housing Trust Fund
San Francisco County
Charter Amendment - Majority Approval Required
Pass: 211674 / 65.15% Yes votes ...... 113214 / 34.85% No votes
Index of all Propositions
|Information shown below: Summary | Fiscal Impact | Arguments ||
Shall the City amend its Charter to: create a Housing Trust Fund that supports affordable housing for low-income and moderate-income households; and change the affordable housing requirements imposed on some private residential developments?
League of Women Voters
|Arguments For Proposition C||Arguments Against Proposition C|
|MORE JOBS. MORE HOUSING.
San Francisco faces significant challenges in developing
ways to boost our local economy to create jobs, and
responding to the need for more homes in our city.
Proposition C directly addresses both issues.
Each year, Proposition C will invest between $20 and $50
million to build more homes in San Francisco. Proposition C
is projected to create thousands of good-paying jobs over
the next 30 years.
NO NEW TAXES.
Due to budget cuts, the state eliminated the Redevelopment
Agency--the source of funding for much of San Francisco's
housing construction that helped keep City rents and homeownership
affordable. Proposition C restores money previously
designated for housing construction to remain dedicated
toward building more homes. This is accomplished
without raising any sales or property taxes.
EXPAND HOME OWNERSHIP.
Proposition C will establish a $15 million homebuyer assistance
program to help first-time homebuyers obtain interestfree
This measure will expand middle-class home ownership
opportunities to support hard-working professionals like our
teachers and nurses, and will provide rental options for
HELP EVERYDAY SAN FRANCISCANS.
Proposition C will provide more housing options to help San
Franciscans stay in the city. It will:
|Last year, governor Jerry Brown signed a bill passed by the
legislature's Democratic majority and upheld by the state
Supreme Court shutting down California's redevelopment
The action was justified. Redevelopment agencies developed
a reputation for waste, cronyism, racism, and lack of
The Orange County Register called them "engines of corporate
welfare" that "use eminent domain to confiscate private
property and typically sell it cheaply to developers, who
sometimes build shopping centers and auto malls" ( http://
The sad legacy of San Francisco's redevelopment agency
includes destruction of the Fillmore, once a thriving African-
American neighborhood: "883 businesses were shuttered
and 4,729 households were forced out," according to the San
Francisco Chronicle, and around "2,500 Victorian homes
Proposition C attempts to bring redevelopment back from
the dead. Its text admits "the measure is structured as a revenue
capture mechanism" like that "previously used by the
former San Francisco Redevelopment Agency."
Before it was abolished, the Redevelopment Agency had
plans to "redevelop" over half of Bayview-Hunters Point, the
city's major remaining black neighborhood, in part to "build
affordable housing"-- the same rationale being used to sell
But Proposition C won't make San Francisco homes more
affordable. It would actually reduce affordability requirements
for new projects, while subsidizing housing for people
earning more than the median income.
Worst of all, Proposition C would commit San Francisco to
increasing payouts through 2042 + hundreds of millions of
taxpayer dollars that won't be available for other priorities
like schools, parks, infrastructure, or health care + plus an
open-ended authority to issue bonds without voter
San Francisco needs affordable housing, not more unaccountable
and unaffordable government schemes.
Redevelopment was killed for good cause. Let's not bring it
back from the dead! Vote NO on Proposition C.
Libertarian Party of San Francisco