City of San Francisco Additional Affordable Housing Policy, Proposition K (November 2014)

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A City of San Francisco Additional Affordable Housing Policy, Proposition K ballot question was on the November 4, 2014 election ballot for voters in the city of San Francisco, California. It was approved.

Proposition K established the policies outlined below in the simplification digest for the city's efforts towards providing more affordable housing.

Election results

City of San Francisco, Proposition K
Result		Votes	Percentage
a Yes		143,582	65.56%
No		75,430	34.44%

Election results via: City and County of San Francisco Registrar of Voters

Text of measure

Ballot Simplification

The San Francisco Ballot Simplification Committee provided the following digest for Proposition K:

“	The Way It Is Now: San Francisco has established goals for affordable housing production and preservation based on the housing needs for low- and moderate-income households. To accomplish these goals the City has programs to: build and improve affordable homes, provide down-payment assistance to homebuyers, and help families and individuals stay in affordable homes and prevent displacement. Federal, state, local, and private funds are used to achieve these goals. One source of affordable housing funding is fees paid by new housing and office development. Another major funding source has been a set-aside of increased property tax revenues from redevelopment project areas. Because of changes in state law ending redevelopment agencies, these funds are expiring. In November 2012, the voters approved a measure establishing the Housing Trust Fund (Fund) to set aside a portion of the City’s budget for affordable housing programs. The City is required to make contributions to the Fund that increase annually; however the current funding level is only half of the average annual funding from redevelopment. Without additional revenues, the City may not be able to meet its housing goals. The Proposal: Proposition K would establish the following as City policy: by 2020, the City will help construct or rehabilitate at least 30,000 homes. More than 50% of the housing will be affordable for middle-class households, with at least 33% affordable for low- and moderate-income households; the City will attempt to ensure that 33% of new housing in areas that are rezoned to provide more residential development is affordable to low- and moderate-income households; the Mayor and Board of Supervisors will create a funding strategy to build new affordable housing, to purchase land for affordable housing, to preserve existing rental units, and to fund public housing rehabilitation; by January 1, 2015, the Mayor and the Board of Supervisors will introduce legislation requiring a regular review of the ratio of affordable to market-rate housing production; and the Board of Supervisors will hold an annual hearing on progress toward the City’s housing goals and work with the Mayor to accomplish them. A "YES" Vote Means: If you vote "yes," you want to make it City policy to help construct or rehabilitate at least 30,000 homes by 2020 and secure sufficient funding to achieve that goal. More than 50% of the housing will be affordable for middle-class households, with at least 33% affordable for low- and moderate-income households. A "NO" Vote Means: If you vote “no,” you do not want to adopt this City policy.	”
—San Francisco Ballot Simplification Committee

Full text

The full text of the ordinance enacted by the approval of Proposition K is available here.

See also

• Local housing on the ballot
• Local property tax on the ballot
• San Francisco City and County, California ballot measures
• November 4, 2014 ballot measures in California

External links

Suggest a link

• San Francisco Elections Office website