Affordable housing plans would be studied under board proposal

If approved by voters this November, San Francisco’s 30-year plan to fund affordable-housing development would undergo scrutiny every five years under a proposal headed toward approval by the Board of Supervisors. Mayor Ed Lee’s Proposition C, the Housing Trust Fund, would change San Francisco’s affordable-housing requirements and sink more than $1 billion into housing construction and housing programs for the next three decades. Given the magnitude of the policy change and investment, board President David Chiu has authored legislation that would require an assessment of the trust fund every five years.

SF Examiner

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