Bay Area voters will be asked to decide on a $20 billion affordable housing bond in November after the Bay Area Housing Finance Authority (BAHFA) voted unanimously Wednesday to place it on the ballot.
The bond, years in the making, would be used to build or preserve at least 70,000 affordable housing units across all nine Bay Area counties, with close to half of them reserved for very low-income households.
“This is huge,” Amie Fishman, executive director of the Non-Profit Housing Association of Northern California, told commissioners. The organization has been one of the key champions of the measure. “This will give voters the opportunity to address one of the most critical issues facing our region and our communities.”
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