In 2020, San Francisco voters passed Prop I which levied a transfer tax on properties worth over $10 million dollars. The Board of Supervisors unanimously passed a resolution assuring voters it was their intention to spend the revenue from the new tax on a Social Housing Program. Social Housing is housing that is municipally-owned (or non-profit owned), permanently affordable, and available to a wider mix income than traditional public housing.

Mayor Breed overruled the Board of Supervisors and instead put the funds raised from the transfer tax into the city's general fund, and not in the Social Housing Program. The public then had to fight to claw that money back to build affordable housing projects like 730 Stanyan, which is a new 100% affordable housing development at the end of Haight St.

We're asking Mayor Lurie to fund the Social Housing Program via the Housing Stability Fund. We're also asking the Board of Supervisors to pass another resolution reassuring voters that this Board supports expending Prop I property transfer tax revenue on the Social Housing Program. We're asking the Mayor and the Board to also oppose any attempt to remove or reduce the property transfer tax unless substitute​​​​ funding for the Social Housing Program is secured.