As nonprofit affordable housing developers, we know firsthand how difficult it is to build housing in every neighborhood in San Francisco — and Affordable Homes Now is key to creating the housing voters are demanding.
All of this adds up to unpredictable delays, further driving up the already-high construction costs and exacerbating our city’s shortage of affordable homes. One of the main funding mechanisms for low-income housing in San Francisco comes from the fees required to build market-rate housing. Therefore, less housing construction in general means less subsidy is available specifically for affordable housing, which is why it’s so critical to boost housing production across all income levels.
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