San Francisco’s Housing Affordability Fund leverages limited public dollars for housing. The Fund brings together financial, employer, and other sources of capital to support efficient and timely site acquisition for affordable-housing construction, or for the preservation of exiting at-risk affordable rental buildings. Given the steady decline in federal and state funding for affordable housing, the loss of redevelopment agencies and the increasing cost of producing affordable housing in San Francisco, it is clear that our existing funding streams are still not enough. This Fund builds on the work of the Housing Trust Fund, the most aggressive local funding stream for affordable housing in California.
More information on housing efforts and policy in San Francisco is available here.