Today Mayor Edwin M. Lee and Kiva launched Kiva San Francisco, a partnership to provide zero percent interest microloans to 1,000 San Francisco small businesses over the next five years. The Kiva City San Francisco initiative focuses on small business owners in immigrant communities, women and veterans that can be socially impactful and financially excluded from mainstream lending options. The Kiva City San Francisco initiative totals more than $7 million in deployed capital to San Francisco small businesses to help them grow and succeed.
“Small businesses are the backbone of San Francisco’s economy and when we invest in their success, we are investing in vibrant merchant corridors, job creation and a stronger economy,” said Mayor Lee. “Kiva is making a smart investment in San Francisco, and I thank Capital One for providing a dollar for dollar match to provide greater opportunities for our small businesses, especially our immigrant, women and veteran owned businesses.”
Mayor Edwin M. Lee with Supervisor Katy Tang introduced legislation at the Board of Supervisors to create an Affordable Housing Bonus Program to provide new incentives for private developers to build more affordable housing units in their market-rate developments. The legislation, part of the Mayor’s Blueprint to 10,000 permanently affordable homes by 2020, will help the City better meet the needs of low and middle income families who need housing, and will, for the first time, institutionalize a program that supports middle income families.
“We will deliver more than 10,000 affordable homes available to low and middle income families by 2020, in part, by helping private sector partners increase housing production in growing neighborhoods,” said Mayor Lee. “With this new program, smart, sensible and well-designed infill development will contribute thousands of permanently affordable homes throughout the City.” Read more.
Mayor Edwin M. Lee with Supervisor Mark Farrell introduced legislation at the Board of Supervisors to make changes to the City’s Inclusionary Housing Ordinance to speed up production of affordable housing in San Francisco for low and middle income families. The legislation, part of the Mayor’s Blueprint to 10,000 announced last week that sets forth a blueprint to provide more than 10,000 permanently affordable homes to families and residents by 2020, will help the City better meet the needs of low and middle income families who need housing.
“Making sure San Francisco remains affordable starts with housing,” said Mayor Lee. “With this clear blueprint of making more than 10,000 affordable homes available to low and middle income families and residents, we will increase production of affordable housing and increase affordability for our City’s families. The proposed amendments to the Inclusionary Housing Ordinance resulted from recommendations from my Housing Working Group last year and will incentivize and speed up the production of affordable homes in our City’s growing neighborhoods.”...
Mayor Edwin M. Lee today highlighted milestones in the City’s new first-of-its-kind Navigation Center pilot program including helping 200 homeless residents access housing and services in five months. Mayor Lee also announced a new $3 million re-allocation of City funds to expand the Navigation Center model, and challenged the private sector to match the City’s commitment at least dollar-for-dollar. Mayor Lee will introduce legislation to the Board of Supervisors to create a Navigation Partnerships Fund to receive philanthropic contributions earmarked for Navigation services, funding which must be matched by the City before it can be spent.
“Our City’s Navigation Center has already helped 200 homeless San Franciscans in just the past five months by removing barriers that prevent people from reaching out and accepting the services they need,” said Mayor Lee. “We know that living on our streets is both unhealthy and dangerous and that’s why we are redoubling our efforts with this new approach combined with our nationally recognized programs and working together with the Board of Supervisors and...