This resolution expresses San Francisco's interest in creating an Enhanced Infrastructure Financing District (EIFD) to help fund affordable housing in well-resourced neighborhoods. It also asks various city offices to look into establishing the EIFD and other financing methods.
Resolution expressing interest in forming an Enhanced Infrastructure Financing District (EIFD) to support funding Affordable Housing in Well-Resourced Neighborhoods and requesting the Controller’s Office, Office of Economic Workforce Development, and Mayor’s Office of Housing and Community Development to explore options for establishing an EIFD and other innovative financing options.
How it got here
The legislation originated from the need to address affordable housing shortages in San Francisco's well-resourced neighborhoods, as outlined in the city's Housing Element adopted in 2023.
The Housing Element was adopted, requiring the city to construct 82,069 housing units by 2030, focusing on neighborhoods that historically built less housing.
Supervisor Melgar introduced a resolution expressing interest in forming an Enhanced Infrastructure Financing District (EIFD) to support affordable housing funding in well-resourced neighborhoods.
The proposed legislation was referred to the Controller’s Office, Office of Economic Workforce Development, and Mayor’s Office of Housing and Community Development for exploration of EIFD options.
The Land Use and Transportation Committee recommended the resolution for adoption.
The Board of Supervisors adopted the resolution expressing interest in establishing an EIFD to support affordable housing.
The Mayor returned the resolution unsigned, allowing it to become effective without his approval.
Reconstructed from attached documents & the official record
