Mayor Ed Lee is set to propose a $250 million housing bond at today's Board of Supervisor's meeting, but Supervisor John Avalos is planning to upstage the mayor by proposing his own $500 million housing bond at the same meeting, The San Francisco Chronicle reports.
According to the San Francisco Examiner, the mayor's proposal would be the largest housing bond in SF history:
Specifically, the bond would supply between $50 million and $100 million for public housing, $100 million to $200 million for low-income housing and $25 million to $100 million for middle-income housing.
$250 million is a pretty big number especially considering that SF voters failed to approve housing bonds in 2002 and 2004. But Avalos wants the final figure to be higher, which is why he's introducing his own proposal, as a bargaining chip. Per the Chronicle:
Avalos is making no secret that he is using his measure as political leverage to try to force the mayor to increase the size of his bond.
“I’m interested in one measure going to the ballot, so I want to come to a consensus,” Avalos said. “One hundred million more than what (the mayor) is envisioning would go a long way to rebuilding neighborhoods that are in need of infrastructure support.”