San Francisco Voters Pass Affordable Housing Bonds, Conversion Tax Exemption – Bisnow
After a week of tallying election results, Propositions A and C, both aimed at improving the city’s housing stock, have been approved by San Francisco voters, per the San Francisco Chronicle. Proposition A, a measure to enable the city to issue bonds to build more affordable housing, passed with 70% of voters approving the measure. Prop A enjoyed broad support from developers and advocates, as well as Mayor London Breed and the Board of Supervisors. It will fund the new construction and renovation of 1,400 affordable housing units in the…
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