Join us in voting NO on Prop I
“This measure would make it harder for us to respond quickly when San Franciscans call for help for years to come.”
Sam Gebler President of SF Firefighter Association
“The stakes are too high to be fooled by yet another intentionally misleading ballot measure"
Mayor Daniel Lurie
Mayor Daniel Lurie
San Francisco Firefighters Local 798
San Francisco Building and Construction Trades Council
SEIU Local 87 Janitors
Operating Engineers Local 3
Supervisor Matt Dorsey
San Francisco Democratic Party
San Francisco Deputy Sheriffs Association
International Brotherhood of Electrical Workers Local 6
Iron Workers Local 376
Supervisor Stephen Sherrill
Supervisor Rafael Mandelman
North Coast States Carpenters Union
Stationary Engineers Local 39
Elevator Constructors Local 8
Sprinkler Fitters Local 483
UA Local 38 Plumbers
Supervisor Alan Wong
Teamsters Local 350
Teamsters Local 665
SPUR
San Francisco Chamber of Commerce
San Francisco YIMBY
United Democratic Club
Eastern Neighborhoods 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.
"...would increase the City’s projected General Fund deficit by $120 million annually."
Official City Controller's Report
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.[3]
25% gives money to nonprofits to buy apartments which takes them out of rent control and off the rental market.[2]
10% funds nonprofit programs that have nothing to do with building new homes.[1]
5% is locked away for administration and bureaucracy.[4]
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.
Check the facts
[1] Controller’s Report & Affordable Housing Guarantee Act SEC. 10.100-12. HOUSE SF FUND (c) (2) (A) (B)
[2] Affordable Housing Guarantee Act SEC. 10.100-12. HOUSE SF FUND (c) (3) (A)
[3] Affordable Housing Guarantee Act SEC. 10.100-12. HOUSE SF FUND (c) (2) (A) (i) & (3) (A) (v)
[4] Affordable Housing Guarantee Act SEC. 1102.3 HOUSE SF TAX IMPOSED
Ad paid for by Yes on C, 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:
Michael Moritz ($200,000)
The Related Companies/William Witte ($200,000)
San Francisco Apartment Association Issues Political Action Committee ($191,000) – contributors include California Apartment Association Issues Committee ($185,000), San Francisco Apartment Association Political Action Committee ($53,001)
Financial disclosures are available at sfethics.org