Proposition U: A citizen initiative to increase the income level required to qualify a household for affordable housing
Shall the City increase the income eligibility limit for on-site rental units for all new and existing affordable housing units to make them affordable for households earning up to 110% of the area median income?
A “Yes” vote means:
A yes vote is a vote in favor of increasing the rental rate that qualifies a unit towards affordable housing minimum requirements to a rate affordable by a household with an income level of up to 110 percent of the median income.
A “No” vote means:
A no vote is a vote against this proposition, thereby leaving a tiered affordable housing requirement system requiring certain percentages of units to be made available to households with incomes of up to 55 percent and 100 percent of the area’s median income, respectively.
Read the full text of San Francisco Proposition U here.