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File #: 190802    Version: 1 Name: Hearing - Committee of the Whole - General Obligation Bond Election - Affordable Housing - Not to Exceed $600,000,000 - July 23, 2019
Type: Hearing Status: Filed
Introduced: 7/16/2019 In control: Board of Supervisors
On agenda: 7/23/2019 Final action: 7/23/2019
Enactment date: Enactment #:
Title: Hearing of the Board of Supervisors sitting as a Committee of the Whole on July 23, 2019, at 3:00 p.m., to hold a public hearing to consider the proposed Ordinance (File No. 190495) calling and providing for a special election to be held in the City and County of San Francisco on Tuesday, November 5, 2019, for the purpose of submitting to San Francisco voters a proposition to incur bonded indebtedness not to exceed $600,000,000 to finance the construction, development, acquisition, improvement, rehabilitation, preservation, and repair of affordable housing improvements, and related costs necessary or convenient for the foregoing purposes; authorizing landlords to pass-through 50% of the resulting property tax increase to residential tenants under Administrative Code, Chapter 37; providing for the levy and collection of taxes to pay both principal and interest on such Bonds; incorporating the provisions of the Administrative Code relating to the Citizens’ General Obligation Bond Oversight Committee’s review of Affordable Housing Bond expenditures; setting certain procedures and requirements for the election; adopting findings under the California Environmental Quality Act; and finding that the proposed Bonds are in conformity with the General Plan, and with the eight priority policies of Planning Code, Section 101.1(b); scheduled pursuant to the approval of a motion made during the Board of Supervisors meeting of July 16, 2019.
Attachments: 1. Board Pkt 072319
Legislation Details
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