Mayor Ed Lee plans to put a $250 million affordable housing bond on the upcoming November ballot to fund below-market-rate rental housing, residential development of middle-class housing, and the improvement and expansion of existing public housing. The ballot needs 66.6 percent approval to pass, and is polling well above that level if it doesn't raise taxes, which it would not at the $250 million level. The bond is part of the mayor's plan to build 30,000 new housing units by 2020. [SF Chronicle]
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