District 7 Supervisor Myrna Melgar and Mayor Daniel Lurie announced a vision on Tuesday to support affordable housing initiatives for decades to come.
The charter amendment, which will be on the Nov. 2026 ballot following Board of Supervisors approval, is designed to increase and renew the city’s Housing Trust Fund, a 2012 voter-backed initiative used to finance the construction, acquisition, and preservation of affordable housing across San Francisco, until it reaches $125 million before continuing to grow by 2058. The fund currently provides $52 million each year, increasing each year at the rate of increase in the city’s overall general fund discretionary revenue, through 2043.
