San Francisco Voters to Decide on $300 Million Affordable Housing Bond
San Francisco’s housing crisis took center stage today as Mayor Daniel Lurie and the Board of Supervisors announced a $300 million affordable housing bond on the March ballot. If approved, the bond would fund the construction of thousands of housing units for low- and middle-income residents.
“This is a necessary investment in our city’s future,” Lurie said during the announcement. The bond would also allocate funds for preserving existing affordable housing and providing support for unhoused residents transitioning to permanent housing.
Critics questioned whether the bond would sufficiently address the city’s housing shortage, citing high construction costs and regulatory hurdles. Proponents argued that the measure is an essential step toward alleviating San Francisco’s housing crisis, calling on voters to prioritize long-term solutions.
