Tuesday, November 4, 2008
Babae SF endorses Prop B! Housing For All!
Prop B would create an Affordable Housing Fund of approximately $33 million each year for the next 15 years to be spent specifically on building affordable housing for the working poor and middle class people of San Francisco. 75% will be used towards the building of new housing, and 25% is for renovation, rental assistance, homeownership, etc. This does not mean an increase in taxes; it will create a set-aside fund of existing property taxes.
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