Just days after a moratorium on developing market-rate housing in the Mission failed to pass the Board of Supervisors, the text and summary of a ballot initiative to accomplish similar ends has been filed with the San Francisco Department of Elections, SocketSite reports.
The ballot initiative, embedded below, would halt the issuance of permits for 18 months for any housing projects with 5 or more units and any demolition, conversion, or elimination of Production, Distribution and Repair (PDR) sites, unless the projects are for 100% affordable housing. The moratorium could be extended for an additional 12 months by a majority vote of the Board of Supervisors
[jump] Supervisor Campos's ordinance would have initially stopped market-rate housing development for just 45 days, but could have been extended for up to two years. It required a super-majority to pass the Board, and lost despite garnering yes votes from 7 out of 11 supervisors.
The ballot initiative also calls for the city to develop a “Neighborhood Stabilization Plan” by 2017 that would propose legislation and funding to bring Mission District development in line with the Prop K balance of affordable housing.