Thursday, May 24, 2012

Mayor Lee Goes Big On Affordable Housing

Thursday, May 24, 2012
Earlier this week, San Francisco Mayor Ed Lee announced the specifics of his long-promised "Housing Trust Fund," which he plans on using to make housing more affordable in the city's breathtakingly expensive real estate market.

The Mayor expects his plan to generate between $20 and $50 million a year over the next three decades. That money would go toward the development of over 9,000 units of affordable housing, down-payment assistance for first-time home buyers and the creation of a program aimed at helping homeowners avoid eviction.
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