Housing experts say the city needs more money for affordable housing, especially from federal and state agencies.
A site at 3300 Mission Street that has been approved for affordable housing. February 8, 2024. Photo by Kelly Waldron.on affordable housing to the Planning Commission on Thursday, with a single overriding message: San Francisco needs more outside money to reach its housing goals.
Between 2018 and 2023, two-thirds of the funds needed to build affordable units came from outside San Francisco — about $2.6 billion from state and federal funds and $1.2 billion from local funds.While finding more outside funding is a challenge, so is securing local money. On March 5, voters will decide on Proposition A, a $300 million housing bond that would infuse much-needed cash into affordable housing developments.“If the bond doesn’t pass, we’ll have to scramble,” said Adams.
Charlie Sciammas, who works at the Council of Community Housing Organizations, said the report lacked “a sense of urgency and a clear set of benchmarks.” Sciammas noted that to reach the housing target, the city would have to increase its housing production fivefold. “Now is one of those moments where we need to be reaching much further than we are,” he said
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