December 2, 2012
San Francisco moves forward with affordable housing for LGBT seniors
The first affordable housing project in San Francisco to be funded by the recently approved Housing Trust Fund will be a long-stalled affordable housing development for LGBT seniors.
Voters adopted the trust fund on the November ballot. It will provide San Francisco with a permanent source of revenue to pay for below-market-rate housing for low- and middle-income households over the next 30 years. It is estimated to generate $1.5 billion over the lifetime of the fund, with $20 million expected during the first year.
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