On Wednesday February 25, billionaire Mayor Daniel Lurie and Supervisor Bilal Mahmood announced a tax cut for wealthy real estate investors. They propose to repeal 2020's Proposition I, which has raised hundreds of millions of dollars for rent relief and affordable housing.

Although Prop I revenue has never been fully dedicated to social housing as intended, it has funded over $200 million to help San Franciscans afford housing as of 2024, including $42 million for the strongest Covid rent relief program in country, which helped save more than 20,000 San Franciscans from eviction; $40 million for land banking, which has been used to build more than 550 affordable homes; and $64 million for housing acquisition that has taken hundreds of homes off the private speculative market. Even more can be accomplished if the City devotes future Prop I funds to social housing as voters intended.

Write a letter to the Board of Supervisors telling them to reject this blatant attempt to cut taxes on the richest corporate real estate owners at the expense of working San Franciscans.