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Would authorize the City by ordinance to own, develop, construct, rehabilitate, or acquire up to 10,000 residential units of low rent housing projects within the City for the purpose of providing affordable rental housing. Proposition K requires a simple majority (50% + 1) to pass.
Fiscal Impact: Significant costs should City policymakers decide to proceed to create the government structure and staffing to fully utilize the authorization contained in Proposition K, while the measure has minimal impact on the cost of government in and of itself.
Next San Francisco County Measure: Proposition L