Mayor Edwin M. Lee today announced the creation of the new Office of Short-Term Rental Administration and Enforcement, funded in the Mayor’s FY 15-17 budget, to create a “one-stop” shop and centralized location to streamline applications for the City’s short-term rental registry and more aggressively coordinate complaints and enforcement of the City’s short-term rental regulations.
“Many San Franciscans can afford to stay in our City because they rent out their home or spare bedroom occasionally,” said Mayor Lee. “The short-term rental of a primary residence brings in extra money for many families and residents and brings new visitors and tourists to our neighborhood small businesses, but we have regulations in place to protect our housing supply and neighborhood character. This new centralized ‘one-stop’ shop will streamline the registration process for the vast majority of law-abiding residents and coordinate aggressive enforcement against those who ignore or violate our short-term rental regulations.” Read more.
Mayor Edwin M. Lee issued the following statement regarding the Board of Supervisors Budget and Finance Committee on voting unanimously to support a historic record of additional investments –with $25 million specifically targeted for the further production of permanently affordable housing Citywide – in the City’s two-year balanced budget for Fiscal Year 2015-16 and 2016-17:
“This is a responsible and balanced budget that makes strategic investments to grow the economy and protect and expand social safety net programs while making historic investments in housing for low and middle income families. I appreciate the hard work by the Board of Supervisors Budget Committee, especially President Breed and Budget Chair Farrell, who are moving a budget forward that invests in the people of San Francisco and uses this time of great prosperity in our City to make sure people in every neighborhood benefit. Read more.
Mayor Edwin M. Lee today announced $6.7 million over the next two years to expand services for small businesses and strengthen neighborhood commercial corridors. The City supports small businesses with resources including technical assistance, access to capital, business counseling, loans, physical improvements to storefronts, and capacity-building.
“Since day one I have made supporting small businesses and our diverse commercial corridors a priority,” said Mayor Lee. “Our goal is to encourage small businesses to start, stay and grow in our City’s unique, diverse business corridors, and these investments ensure the cultural vibrancy of our neighborhoods and commercial districts so they continue to thrive for generations. We are providing support to the small businesses that support San Francisco’s economy, while building strong communities at the same time.” Read more.
Today Mayor Edwin M. Lee and Supervisor Malia Cohen announced a resolution calling for an unprecedented investment in homeownership opportunities for San Francisco’s middle class, through a structured agreement between the San Francisco Retirement Board & Employee Retirement System (SFERS) and the Mayor’s Office of Housing and Community Development (MOHCD) to provide loans for up to 1,500 middle class San Francisco families over the next decade. Under the terms of a resolution to be introduced today by Supervisor Cohen who is also a member of the San Francisco Retirement Board, SFERS will invest up to $125 million over the next ten years to continually recapitalize the Downpayment Assistance Loan Program (DALP).
“We are in the midst of a housing affordability crisis in San Francisco, and people of every income are struggling to find a place for themselves and their families in our City,” Mayor Lee said. “Today’s first-in-the-nation investment by our public pension system will bring the dream of homeownership into reach for up to 1,500 middle class families in San Francisco. I appreciate the leadership of Supervisor Malia Cohen and her colleagues on the...
Mayor Edwin M. Lee today presented his proposed two-year balanced budget for Fiscal Year 2015-16 and 2016-17. The budget for the City for FY 2015-16 and FY 2016-17 is $8.92 and $8.96 billion, respectively. Half of the budget consists of self-supporting activities at the City’s Enterprise departments, which focus on City-related business operations including the Port, the Municipal Transportation Agency, the Airport, the Public Utilities Commission, and others, while the General Fund monies comprise the remaining half, which includes Public Health, Police and Fire services, Recreation and Park, to deliver core public services over the next two years.
“This year, I am pleased to say that for the first time, I oversaw a budget that was balanced by increasing revenue and allowed us to make smart and strategic investments to increase services for the public,” said Mayor Lee. “City government has an important role to play in making the lives of all people better and these good economic times represent a significant opportunity for us to continue to make sure that San Francisco is a safe and livable City, a caring and educated City, and a City that confronts our affordability...