SF: Supervisors unveil three more charter amendments for the November ballot
Three members of the San Francisco Board of Supervisors introduced separate charter amendments this week, including one supported by Mayor Daniel Lurie that would increase funding for an affordable-housing trust fund, and two others to establish a public bank and streamline The City’s system of commissions and advisory bodies.
Surrounded by a crowd featuring housing developers, tenants and union officials, Lurie and District 7 Supervisor Myrna Melgar on Tuesday unveiled a proposal on the steps of City Hall that would expand and extend the city’s Housing Trust Fund in order to generate up to $3 billion over 30 years for the production and preservation of affordable housing.
The measure apparently had the five votes needed from Melgar’s colleagues to qualify for the November ballot, with its co-sponsors including Supervisors Shamann Walton, Danny Sauter, Stephen Sherrill, Matt Dorsey and Alan Wong. It would need a simple majority of voters to pass.
“This is a transformative moment, if we can get this passed, so we have to work really hard,” Melgar said. “This fund will grow as our economy and the property values grow in a responsible way, so that we can have the funding for preservation and production, even when the market is down, as it is now.”
https://www.sfexaminer.com/news/politics/sf-pols-seek-voter-ok-for-housing-money-a-public-bank-more/article_d5412842-d5e4-4397-b8d5-4c111e978b0e.html