The real estate industry attacks affordable housing in SF

By Tim Redmond : 48hills – excerpt

The California Association of Realtors spends a fortune to mess with SF’s successful affordable housing programs

Campaign finance reports released last week reveal that national and state Realtor organizations have contributed more than $1 million to the campaigns for Propositions P and U – measures that could fundamentally undermine affordable housing in San Francisco and beyond.

The tsunami of money has already begun to churn out slick mailers promising that “Props U & P mean more housing for more people” (emphasis in the original)…

Recognizing the falsity of the claims of both measures, the San Francisco Chronicle this weekend recommended a ‘no’ vote on both P and U.  In opposing the measures, the editors puzzled over the Realtors’ motives. Are the Realtors promoting the measures merely as a political ‘payback’ or as a PR ploy?… (more)

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