San Francisco, CA – The City of San Francisco announced a new $800 million affordable housing program today, aimed at addressing the city’s escalating housing crisis. The plan, unveiled by Mayor Carla Alvarez, will fund the construction of 3,000 affordable units over the next five years.
The initiative will prioritize housing for low- and middle-income residents, with 40% of units reserved for essential workers such as teachers, nurses, and first responders. “Housing is a human right,” said Alvarez during the announcement. “This program is about keeping San Francisco livable for everyone, not just the wealthy.”
The program will also include tenant protections, increased funding for eviction prevention, and incentives for developers to include affordable units in new projects. Critics have raised concerns about bureaucratic delays, but city officials say they’re committed to streamlining processes to ensure timely delivery.
