Back to legislation
Ordinance#230969Killed
In plain English
The ordinance proposed a special election for March 5, 2024, to ask voters if the city should borrow up to $300 million to fund affordable housing projects and assist with homeownership through a loan program. It also included provisions for landlords to pass on half of any property tax increase to tenants and established oversight for the bond expenditures.
Ordinance calling and providing for a special election to be held in the City and County of San Francisco on Tuesday, March 5, 2024, for the purpose of submitting to San Francisco voters a proposition to incur bonded indebtedness of not to exceed $300,000,000 to finance the construction, reconstruction, development, acquisition, improvement, rehabilitation, preservation, and repair of rental affordable housing projects, and to expand homeownership opportunities through the Downpayment Assistance Loan Program; and related costs necessary or convenient for the foregoing purposes; authorizing landlords to pass-through 50% of the resulting property tax increase to residential tenants under Administrative Code, Chapter 37; providing for the levy and collection of taxes to pay both principal and interest on such Bonds; incorporating the provisions of the Administrative Code relating to the Citizens’ General Obligation Bond Oversight Committee’s review of Affordable Housing Bond expenditures; setting certain procedures and requirements for the election; affirming a determination under the California Environmental Quality Act; and finding that the proposed Bond is consistent with the General Plan, and with the eight priority policies of Planning Code, Section 101.1.
How it got here
Document trail
PDF ↗
Leg Dig Ver1
PDF ↗Official legislation text
Referral GO Bond PLN 091523
PDF ↗SF Planning Department
PLN GPR 081723
PDF ↗SF Planning Department
PLN CEQA Det 092223
PDF ↗SF Planning Department
BLA Rpt 102523
PDF ↗Budget and Legislative Analyst
PDF ↗
How they voted
TABLED
Budget and Finance Committee · Oct 25, 2023Pass
1-0 /1
Legislative journey
PresidentSep 12, 2023
→ASSIGNED UNDER 30 DAY RULE
Clerk of the BoardSep 15, 2023
→REFERRED TO DEPARTMENT
Planning DepartmentSep 22, 2023
·RESPONSE RECEIVED
ControllerOct 18, 2023
·RESPONSE RECEIVED
Budget and Finance CommitteeOct 25, 2023
↷TABLEDPass