San Francisco Board of Supervisors Enacts Landmark Housing Feasibility Reforms as Leaders Rally for Proposition C Housing Trust Fund

Board of Supervisors Enacts Landmark Housing Feasibility Reforms

SAN FRANCISCO, California — Taking aggressive legislative action to revitalize sluggish residential construction, the San Francisco Board of Supervisors approved a comprehensive economic feasibility package in mid-October 2026. Informed by the city's 2026 'Triennial Review of Economic Feasibility', the measure permanently slashes municipal inclusionary affordable housing requirements—eliminating Below-Market-Rate (BMR) mandates on developments with fewer than 25 units—and substantially cuts development impact fees across all eleven districts.

Supervisors and housing economists stated that legacy fee burdens had created an unsustainable development environment amidst elevated construction and financing costs. By aligning municipal requirements with market realities, the policy reform aims to immediately unlock tens of thousands of entitled residential units stalled in developer pipelines.

Broad Coalition Champions Proposition C to Double Municipal Housing Trust Fund

Concurrently ahead of the November election, Mayor Daniel Lurie, the Board of Supervisors, and regional labor coalitions unified behind Proposition C. The key ballot measure more than doubles the city’s annual general fund allocation toward the Housing Trust Fund, raising dedicated municipal support to $125 million annually to guarantee predictable financing for affordable housing construction and anti-displacement programs independent of economic cycles.

Civic leaders highlighted that sustainable funding mechanisms protect low-income seniors, healthcare workers, and educators from being priced out of the city while revitalizing neighborhood commercial corridors.

Regional Transit Coalitions Rally for Transit Stabilization Measures

Addressing regional mass transit sustainability, municipal leaders and transit advocacy groups rallied across the Bay Area for long-term transit funding stabilization measures. With agencies like the San Francisco Municipal Transportation Agency (SFMTA) and BART managing post-pandemic structural deficits, supervisors advanced joint-development policies to lease transit agency land parcels for high-density, revenue-generating residential housing adjacent to train and light rail stations.