Join us in voting NO on Prop I
Mayor Daniel Lurie
San Francisco Firefighters Local 798
San Francisco Building and Construction Trades Council
Supervisor Matt Dorsey
San Francisco Deputy Sheriffs Association
SEIU Local 87 Janitors
International Brotherhood of Electrical Workers Local 6
North Coast States Carpenters Union
Operating Engineers Local 3
Board of Supervisors President Rafael Mandelman
San Francisco Democratic Party
Stationary Engineers Local 39
Iron Workers Local 376
UA Local 38 Plumbers
Supervisor Stephen Sherrill
Sprinkler Fitters Local 483
Elevator Constructors Local 8
Supervisor Alan Wong
Teamsters Local 350
Teamsters Local 665
SPUR
San Francisco Chamber of Commerce
San Francisco YIMBY
United Democratic Club
NO ON THE NONPROFIT SLUSH FUND THAT WON’T BUILD NEW HOUSING
Prop I is a deceptively written measure that claims to be about affordable housing, but instead creates a 120 million dollar nonprofit slush fund that blows a hole in our city’s budget. That’s money that could be used for firefighters, public safety, and cleaning our streets that instead will be funneled to just a handful of nonprofits.
What’s even worse, Prop I doesn’t require a single new unit of housing to be built in SF.
HERE’S THE REAL BREAKDOWN OF HOW PROP I WILL SPEND YOUR TAX DOLLARS:
30% of the funding has to be spent on “social housing” — which is low to moderate income housing that’s run by tenant collectives or communal resident boards.
25% gives money to nonprofits to buy apartments which takes them out of rent control and off the rental market.
10% funds nonprofit programs that have nothing to do with building new homes.
5% is locked away for administration and bureaucracy.
70% of the money that doesn’t have to be spent on building housing!
Why write a measure this confusing? Because the handful of nonprofits who support it want you to hand them a guaranteed pipeline of tax dollars with little accountability.
That’s why the people who actually build housing in San Francisco don’t support Prop I. It doesn’t fund housing construction, it just funds nonprofits.
San Francisco's housing crisis is simple: rents and home prices have climbed faster than paychecks. And thats pricing teachers, nurses, and multigenerational families out of their communities.
THE HOUSING CRISIS IS REAL
THE HOUSING TRUST FUND IS HOW SF BUILDS AFFORDABLE HOUSING
Proposition C renews San Francisco's most significant source of funding for affordable housing. For over a decade, the Housing Trust Fund has enabled San Francisco to turn empty vacant lots into new units of affordable housing. But it also helps first-time buyers purchase a home, keeps first responders in the city they serve with down payment assistance, and enables seniors to stay in their communities with rental assistance.
RENEWS FUNDING FOR THE TRUST FUND
Prop C renews the Housing Trust Fund through 2058 and increases its annual funding to $125 million. Every year we wait, the fund stays capped while rents keep climbing.
IT WON'T RAISE OUR TAXES
Prop C does not raise anyone's taxes. It reallocates money the City already collects, making it fiscally responsible by design. Funding only grows when the City's own property tax or general fund revenue grows and the City can pause or reduce contributions during a real budget deficit. This is a careful, sustainable plan, not a blank check. Every dollar is legally dedicated to affordable housing and subject to independent audit.
A TRUE CONSENSUS MEASURE
It was placed on the ballot unanimously by the Board of Supervisors and Mayor Lurie, and is supported by labor and housing advocates across the city.
Ad paid for by No on I, SF for Accountability in Housing, Sponsored by the San Francisco Building and Construction Trades Council and San Francisco Chamber of Commerce. Ad committee top funders:
Members’ Voice of the State Building and Construction Trades Council of California ($50,000)
The Prado Group, Inc ($50,000)
Core Urban Holdings LLC ($50,000)
Financial disclosures are available at sfethics.org