San Francisco Too Valuable For Poor People*
By Carl Finamore in CounterPunch - Last year, San Francisco tenant rights’ supporters scored an important victory when voters overwhelmingly approved Proposition K, requiring all new housing developments provide 33% low and moderate-cost units.
The objective was to put a lid on the unregulated, speculative construction boom that earned the city its most contentious distinction of being the country’s second most expensive place to live, just after New York City.
Housing activists say Prop K was a partial victory but more is needed.
That next step of “reining in record-high eviction rates” was announced at a July 27 city hall press conference attended by over 75 community, labor and political leaders.
“The data clearly shows that the evictions crisis and resulting loss of rental units” is a big blow to the city meeting its affordable housing goals, said Board of Supervisor Jane Kim.