PROPOSITION C
HOUSING TRUST CHARTER AMENDMENT: Creates a Housing Trust Fund by setting aside general fund revenues to create, acquire and rehabilitate affordable housing and promote affordable home ownership programs. $20 million would be set aside in 2013. An additional $2.8 million would be set aside each year after that, for the next 11 years. NO.
With this measure City government is attempting to subsidize a much greater portion of residents. As always, the gains of those who receive subsidies are made at the expense of those who do not.
What changed: