Tuesday, October 2, 2012

Lee looks to expand housing with Prop. C

http://www.sfgate.com/politics/article/Lee-looks-to-expand-housing-with-Prop-C-3907574.php

The wonder that is San Francisco comes at a price. 

There's only so much space on this 47-square-mile, seismically risky peninsula tip, and that means housing is among the most expensive in the country and protracted land-use fights have become a staple of political discourse. 

Proposition C on the Nov. 6 ballot is Mayor Ed Lee's effort to start changing that.

Prop. C's main thrust is to expand housing options by creating a dedicated funding stream for affordable housing and down payment assistance for middle-income earners. It would loosen the city's affordable-housing requirements for developers to entice market-rate production and ease demand on the housing supply.

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