Proposition C: Revise Calculations Of Contributions To The Housing Trust Fund Amendment
Proposition C: Revise Calculations Of Contributions To The Housing Trust Fund Amendment
The fund would base contributions on the larger of growth in property values or growth in revenue the city can budget, replacing today’s revenue-growth formula.
A Yes vote
A No vote
Proposal impacts
Impact on Middle-income homebuyers
Middle-income homebuyers above 120% but at most 200% of typical local income could apply for down payment loans.
Middle-income homebuyers cannot apply today because down payment loans have a 120% limit tied to typical local income.
Impact on renters facing eviction
Eviction-threatened renters could seek housing loss aid from a fund receiving contributions under the larger growth calculation.
Eviction-threatened renters can seek housing loss aid today through the fund's existing eviction prevention programs.
Impact on homeowners needing repairs
Repair-seeking homeowners could seek home improvement loans from a fund receiving contributions under the larger growth calculation.
Repair-seeking homeowners can seek home improvement loans today through the fund's existing assistance programs.
Impact on Affordable housing builders
Affordable housing builders could seek project grants from city revenue set aside under the larger growth calculation.
Affordable housing builders currently seek project grants for housing development through the existing fund.
Impact on San Francisco residents
City and county budgets would have less unrestricted money for other services as required housing contributions rise.
City and county budgets currently have more unrestricted money under the existing housing contribution rule.
