San Francisco Creation of a Housing Trust Fund, Proposition C (November 2012)
If the measure is approved, it will create a San Francisco Housing Trust Fund.
Proposition C has been endorsed by the editorial board of the San Francisco Chronicle, writing, "This measure is a compromise that has drawn in groups concerned about subsidized housing, public policy and city finances. It's a modest way to dent the serious problem of finding modestly priced housing."
Text of measure
The question on the ballot:
|Proposition C: "This measure will: 1) create a San Francisco Housing Trust Fund by setting aside general fund revenues beginning in Fiscal Year 2013-2014 and ending in Fiscal Year 2042-2043 to create, acquire and rehabilitate affordable housing and promote affordable home ownership programs in the City; and 2) lower and stabilize the impacts of affordable housing regulatory impositions on private residential projects; and to authorize the development of up to 30,000 affordable rental units in the City under Article 34 of the California Constitution."|
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