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Proposition 1C Would Fund Non-Profit Housing, But Will Nonprofit Tenants Vote??
As San Francisco struggles with the affordable housing crisis, some help may be along the way this November. California’s Proposition 1C, the Housing and Emergency Shelter Trust Fund Act, is a $2.85 billion affordable housing bond that will pay for much-needed assistance including shelters for battered women, housing for low-income seniors, and, especially helpful in the Tenderloin, funds for non-profit supportive housing units. Californians passed another housing bond in 2002 that created 100,000 new units of housing statewide, but the funding source will be depleted by the end of 2007. If Prop 1C is not approved, it could spell disaster for many affordable housing programs locall
As San Francisco struggles with the affordable housing crisis, some help may be along the way this November. California’s Proposition 1C, the Housing and Emergency Shelter Trust Fund Act, is a $2.85 billion affordable housing bond that will pay for much-needed assistance including shelters for battered women, housing for low-income seniors, and, especially helpful in the Tenderloin, funds for non-profit supportive housing units. Californians passed another housing bond in 2002 that created 100,000 new units of housing statewide, but the funding source will be depleted by the end of 2007. If Prop 1C is not approved, it could spell disaster for many affordable housing programs locall
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