Mayor Ed Lee on Tuesday will announce plans to create the city’s first dedicated funding stream for moderate-income and affordable housing, generating $20 million to $50 million a year for 30 years.
The plan not only would help provide middle-income residents with up to $100,000 in down payment assistance, but it also is designed to stimulate market-rate development and fund 4,500 units of affordable housing.
…The money for Lee’s plan would come from a 0.2 percentage-point increase in the transfer tax on the sale of properties valued over $1 million, diverting 0.6 percent of the current tax levied on hotel stays and tapping future property tax revenue that would have gone to the city’s now-defunct redevelopment agency…
Part [meeeee] Too!
When San Francisco Supervisor John Avalos didn’t know how to vote on a resolution Tuesday, …he contacted gay rights activist Harvey Milk through the [Ouija] board before deciding whether to recommend the Navy name a ship after the slain San Francisco supervisor.
…”We asked Harvey, and Harvey gave us these letters: ‘Good riddance don’t ask, don’t tell,’ “