Charter Amendment (Second Draft) to amend the Charter of the City and County of San Francisco to establish the Affordable Housing Opportunity Fund for Seniors, Families, and People with Disabilities to fund project-based rental subsidies for extremely low-income households consisting of seniors, families, and persons with disabilities, and to require the City to appropriate at least $8.25 million to the Fund annually starting in Fiscal Year 2026-2027; at an election to be held on November 5, 2024.

The Board of Supervisors introduced a Charter Amendment to establish the Affordable Housing Opportunity Fund, requiring annual appropriations for rental subsidies for extremely low-income households.

The Department of Human Resources was referred the Charter Amendment to assess the need for 'Meet and Confer' requirements.

The Planning Department determined that the Charter Amendment was not defined as a project under CEQA guidelines, indicating no significant environmental impact.

The Rules Committee amended the Charter Amendment to include additional findings and clarify the purpose and funding mechanisms of the Affordable Housing Opportunity Fund.

Multiple supervisors, including Chan, Dorsey, and Mandelman, requested to be added as cosponsors of the Charter Amendment, indicating broad support.

The Board of Supervisors ordered the Charter Amendment submitted for the November 5, 2024 election, finalizing its path to the ballot.

The Clerk of the Board transmitted the finalized Charter Amendment to the Department of Elections for inclusion on the ballot.