Mayor Lee Announces New Plan to Provide Stabilized Housing

Mayor Edwin M. Lee and the San Francisco Unified School District (SFUSD) with Board President London Breed and Supervisors Julie Christensen, Malia Cohen, Mark Farrell and Katy Tang announced a new plan to build and preserve housing for 500 San Francisco educators by 2020. Mayor Lee and Superintendent Richard Carranza announced new strategies to achieve these goals: jointly finance at least one new development in the City for educator housing, develop a rental subsidy program for teachers, renew the Teacher Next Door program which provides downpayment assistance to purchase homes in the City, and fund Housing Navigators – counselors to connect teachers with resources available to them through these new programs, existing Below Market Rate programs, and eviction prevention services.

“An investment in a teacher is an investment in the success of our City and the success of our young people,” said Mayor Lee. “Our new strategy to create opportunities for 500 teachers and educators to find affordable housing in San Francisco– from homeownership to rental subsidies to dedicated teacher housing to eviction prevention – is another step in finding real solutions for our City’s housing affordability crisis. Introduced together with the Board of Supervisors, the $310 million affordable housing bond on this November’s ballot will give voters an opportunity to support another step toward creating more affordable housing for the future, and get us closer to delivering more than 10,000 permanently affordable homes available to low and middle income families by 2020.”