August 23, 2019

Community News

MAYOR LONDON BREED SIGNS HOUSING LEGISLATION FOR WINDFALL FUNDING
March 7, 2019

News Courtesy of San Francisco Mayor London Breed's Office of Communications~~~

FOR IMMEDIATE RELEASE:

Thursday, March 7, 2019

Contact: Mayor’s Office of Communications, 415-554-6131

 

*** PRESS RELEASE ***

MAYOR LONDON BREED SIGNS LEGISLATION FOR WINDFALL FUNDING

Legislation funds Mayor Breed’s priorities for affordable housing and homelessness services, including the 200-bed SAFE Navigation Center she proposed earlier this week

 

San Francisco, CA — Mayor London N. Breed today signed legislation appropriating $273 million of the Educational Reserve Augmentation Fund (ERAF) windfall, which funds a number of her priorities for homelessness and affordability programs.

 

Following an announcement from Controller Ben Rosenfield in November that the City would be recognizing the unexpected windfall of $415 million, Mayor Breed outlined a detailed plan for directing the discretionary portion of the funding to create more affordable housing and help homeless residents off of the street and into care and shelter. Earlier this week, she announced a proposal to open a 200-bed SAFE Navigation Center at Seawall Lot 330 on the Embarcadero, which would utilize funding from this legislation.

 

This legislation will help address some of the biggest issues facing San Francisco,” said Mayor Breed. “I am glad we could fund these critical homelessness and affordable housing programs to help our unhoused residents off the streets and into care and shelter. I am proud that this legislation funds two years of teacher salary increases, as well as the shelter beds and mental health stabilization beds, permanent supportive housing units and affordable housing units that I proposed. I look forward to working with the Board to continue to fund these priorities in future years.”

 

The legislation signed today includes funding for a number of Mayor Breed’s priorities, including the following programs that she outlined in her proposal for the windfall:


            One-time funding

  • Expansion of the Small Sites Program ($40.0m) – 130 estimated units
  • Funding to complete construction of a homeless housing site ($42.5m) – 255 estimated units
  • Predevelopment of affordable housing projects ($6.0m) – 370 estimated units
  • Capital upgrades at Sunnydale and Potrero public housing ($9.0m)
  • Acquisition of 100% affordable housing sites ($14.0m)


Capital costs and two years of operational funding

  • Masterleasing of housing units ($15.2m) – 300 estimated units
  • New SAFE Navigation Center - capital and services ($15.0m) – 200 estimated units
  • Expansion of existing Navigation Centers – capital and services ($6.4m) – estimated 80 beds
  • San Francisco Healing Center beds ($4.4m) – estimated 14 beds
  • Substance use recovery beds ($5.0m) – estimated 72 beds

 

As required by the Charter, approximately $230 million of the windfall was allocated to reserve funds, transportation, public schools, libraries, children and family programming, and tree maintenance. The legislation places a portion of the reserve funding on contingency for future uses, including teacher salaries and early childcare.

 

 

 

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