A bid to build 2,000 affordable housing units over the next four years may hit the ballot this November. The proposal, which asks for a $500 million bond, will require two-thirds of the city vote should the Board of Supervisors place it on the ballot. Although the figures are subject to change, city officials on Tuesday laid out their spending plans, which include:
—$210 million toward "shovel-ready" affordable housing to begin within four years.
—$150 million to repair and rebuild dilapidated government-owned public housing.
—$90 million for building and acquiring housing for seniors$30 million to rehabilitate or obtain affordable housing at risk of no longer being affordable due to a sale or poor condition
—$20 million for middle-income housing, such as down payment assistance loans.