SF Rising Action Fund endorses a NO vote on Prop D. San Francisco is already saturated with market-rate housing, with more and more working-class people of color being pushed out of the city due to a rising cost of living. Prop D would redefine affordable housing to be even more expensive than it already is. A one bedroom apartment costing nearly $4,000 a month would be considered “affordable housing,” whereas today’s market rate is $3,095 per month.
There is also no requirement in this measure to build two or three bedroom units, meaning developers wouldn’t build the housing San Francisco families desperately need.
We need more truly affordable housing in our city if we are going to ensure every San Franciscan has a place to live. Prop D would only make it easier for greedy developers to make more money off of units that aren’t even truly affordable for the average working family.