SAN FRANCISCO: The mayor is set to introduce a $250 million social housing bond. If adopted by voters it would be the largest housing bond in history.
The focus of the raising will be the construction of new low-income housing, the acquisition and rehab of existing buildings and the preservation of units at risk of being converted to market-rate.
The middle-income housing portion of the bond would fund new rental programs and expand the city’s down payment assistance loan program for “teachers, firefighters, construction workers, people that are in professional jobs but have told us through many of the groups that we’ve been working with that they’re finding it extremely hard to afford to live here,” said…