San Francisco: Mayor Floats Idea Of Public-Private Housing Authority During State Of The City Address

San Francisco is thriving thanks to booming tech and tourism industries but still has room for improvement, Mayor Ed Lee said during his first “State of the City” address today.  Lee said while business is booming, the city’s lack of housing options has caused rental prices to skyrocket. Lee said 42,000 new units have been approved for construction in the city over the next several years, while a housing trust fund approved by voters in November will create a $1.5 billion stream of funding over the next 30 years for low-income housing and first-time homebuyer assistance. He also proposed overhauling San Francisco’s beleaguered Housing Authority with input from federal officials on how to improve public housing in the city, including possibly replacing the agency with a new model built on public-private partnerships.

SF Appeal

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