San Francisco to Vote on Affordable Housing Bond

A ballot decision in November will determine whether San Francisco can sell $310 million in bonds to pay for affordable housing. The proposal coincides with Mayor Ed Lee's campaign for re-election.

1 minute read

August 28, 2015, 8:00 AM PDT

By Philip Rojc @PhilipRojc


San Francisco Houses

Jorg Hackemann / Shutterstock

It's no secret that housing is particularly unaffordable in San Francisco. "The median asking price for a San Francisco one-bedroom apartment is $3500, $400 more than in New York, the second most-expensive city, according to a report this month by Zumper, an online listing service. In June, the median price of a home was $1.14 million."

Widespread dissatisfaction with those astronomical prices will have political fallout. "Mayor Ed Lee, under pressure to deal with the soaring cost of living as he runs for re-election, is backing a partial fix: a $310 million debt sale to build affordable housing that will go before voters in November."

"If approved by two-thirds of voters, the bonds would be used to advance Lee's effort to build and renovate 30,000 homes over the next five years."

The proposal contradicts a downward trend in municipal debt sales to build housing. "It may revive interest in the bonds as mayors from New York to Seattle seek to add homes for lower-income residents as real estate prices climb."

Monday, August 10, 2015 in Australian Financial Review

portrait of professional woman

I love the variety of courses, many practical, and all richly illustrated. They have inspired many ideas that I've applied in practice, and in my own teaching. Mary G., Urban Planner

I love the variety of courses, many practical, and all richly illustrated. They have inspired many ideas that I've applied in practice, and in my own teaching.

Mary G., Urban Planner

Get top-rated, practical training

Historic homes in St. Augustine, Florida.

Florida Considers Legalizing ADUs

Current state law allows — but doesn’t require — cities to permit accessory dwelling units in single-family residential neighborhoods.

March 18, 2025 - Newsweek

Aerial view of suburban housing near Las Vegas, Nevada.

HUD Announces Plan to Build Housing on Public Lands

The agency will identify federally owned parcels appropriate for housing development and streamline the regulatory process to lease or transfer land to housing authorities and nonprofit developers.

March 17, 2025 - The Wall Street Journal

Close-up of traffic congestion from behind cars on a freeway in the San Francisco Bay Area.

Conservatives’ Decongestion Pricing Flip-Flop

When it comes to solving traffic problems, the current federal administration is on track for failure, waste, and hypocrisy.

March 17, 2025 - Todd Litman

Close-up of rear car bumper in traffic on freeway.

Research Shows More Roads = More Driving

A national study shows, once again, that increasing road supply induces additional vehicle travel, particularly over the long run.

2 hours ago - Road Capacity as a Fundamental Determinant of Vehicle Travel

Close-up of "City Hall" plaque on building with gold lettering on black.

Can Progressive Planners Appeal to Conservative Principles?

Trump’s approach to policies like NYC’s congestion pricing isn’t just irrational and wasteful — it defies the tenets of conservatism. But there are ways to reframe the issues.

4 hours ago - Bloomberg CityLab

Close-up of seedling sprouting from ground with blurred people gardening in background.

Oak Park Plans Earth Month Events

Join Oak Park, Illinois, for a series of Earth Month events highlighting the importance of community engagement and education, integrating sustainability into local plans, and planning for the most vulnerable, such as birds, bees and butterflies.

6 hours ago - Local Government Commission