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File #: 230971    Version: Name: General Obligation Bond Election - Affordable Housing - Not to Exceed $300,000,000
Type: Ordinance Status: Passed
Introduced: 9/12/2023 In control: Clerk of the Board
On agenda: Final action: 11/16/2023
Enactment date: 11/16/2023 Enactment #: 231-23
Title: Ordinance calling and providing for a special election to be held in the City and County of San Francisco on Tuesday, March 5, 2024, for the purpose of submitting to San Francisco voters a proposition to incur bonded indebtedness of not-to-exceed $300,000,000, subject to independent citizen oversight and regular audits, to finance the construction, development, acquisition, and/or rehabilitation of rental affordable housing, including workforce housing and senior housing, for households ranging from extremely low-income to moderate-income households; and related costs necessary or convenient for the foregoing purposes; authorizing landlords to pass-through 50% of the resulting property tax increase, if any, 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; affirming a determination under the California Environmental Quality Act; and finding that the proposed Bond is consistent with the General Plan, and with the eight priority policies of Planning Code, Section 101.1.
Sponsors: Mayor, Aaron Peskin, Connie Chan, Ahsha Safai, Rafael Mandelman, Hillary Ronen, Shamann Walton, Dean Preston, Catherine Stefani, Myrna Melgar, Joel Engardio
Attachments: 1. Leg Ver1, 2. Leg Dig Ver1, 3. Referral GO Bond CON 091523, 4. Referral GO Bond Mandated 091523, 5. Referral GO Bond PLN 091523, 6. PLN GPR 092223, 7. PLN CEQA Det 092223, 8. CON Costing Ltr 101823, 9. BLA Rpt 102523, 10. Cmte Pkt 102523, 11. MOHCD - 2024 Affordable Housing GO Bond Report, 12. MOHCD Presentation 102523, 13. Leg Ver2, 14. Leg Dig Ver2, 15. BLA Rpt 110123, 16. Cmte Pkt 110123, 17. Public Correspondence, 18. Board Pkt 110723, 19. Board Pkt 111423, 20. Leg Final, 21. Transmittal to Elections 112023
Related files: 230972
Legislation Details
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