GET INFORMED, BE INVOLVED, VOTE NOV. 5TH: Vote YES on B, The Affordable Housing Bond
Tuesday, October 1st, 2002With all the controversial and conflicting items on this year’s local ballot, it’s nice to know that there is one that almost everyone can agree on. Proposition B, the local Affordable Housing Bond, is a positive move towards a permanent solution for San Francisco’s housing crisis. The vast majority of the Board of Supervisors, an overwhelming number of faith, labor and community organizations and even “duh Mayor” support it — all for good reason.
In the City, rents and home prices have doubled since 1995, adversely affecting working families and seniors. Only eight percent of San Franciscans can afford to buy a home and over 100,000 residents pay more than half their monthly income on rent, leaving very little money available for other goods and services that are necessary for life and our economy. 140,000 people qualify for housing assistance in San Francisco and don’t receive it because of a lack of funding — partly due to cuts from the federal government in recent years. It is obvious that something has to be done.