Rally for Prop C – A Smart Fix for Safety & Affordable Housing

8 09 2016

CCHO and other community organizations, including Housing Rights Committee, SOMCAN, BiSHoP, and the San Francisco Community Land Trust, joined Supervisor Peskin in a rally this morning for Proposition C, the Affordable Housing Safety and Acquisition measure on this November’s ballot.

The rally took place at 22nd and Mission, the site of the type of fire that has been plaguing the Mission and could be prevented in the future with Prop C.

Prop C Rally_9-8-16

Prop C is the only measure in November that actually provides funding to increase the amount of permanently affordable housing in San Francisco.  It does this through a creative repurposing of unused bonds that the City’s been sitting on for years.

Back in 1992, after the Loma Prieta earthquake, San Francisco voters approved a $350 million bond to provide loans for upgrading the earthquake safety of brick buildings.  Since then, over half of this money has gone unused.

Prop C would free up this unused money, allowing it to be used for other at-risk buildings beyond just brick buildings, including the “soft story” buildings found throughout the Mission that are highly susceptible to earthquake damage and buildings in need of other safety upgrades.  Even more importantly, Prop C would allow this unused money to go towards buying buildings whose tenants are at risk of eviction, so they can be preserved as permanently affordable housing.

This measure is a smart fix, freeing up desperately-needed funds without creating any new taxes.  And it will help immediately address the housing crisis, providing a way to fight displacement and keep long-term tenants in their homes.