The city of San Francisco is in the midst of a housing crisis that has been decades in the making. The city’s high cost of living, fueled by the tech boom, has made it increasingly difficult for many to afford housing. As a result, the city has seen a dramatic rise in homelessness, as well as an increase in the number of people living in shelters and on the streets.
In response to the crisis, San Francisco Mayor London Breed has proposed a plan to build 5,000 new housing units over the next five years. The plan, which is estimated to cost $1.5 billion, would focus on providing affordable housing for low- and middle-income families. It would also include funding for homeless services and a rental assistance program.
The proposal has been met with mixed reactions from city residents. Supporters argue that it is a necessary step to address the city’s housing crisis, while opponents are concerned about the potential financial burden on taxpayers. Mayor Breed has stated that the plan is necessary to ensure that San Francisco remains a city that is accessible to all.
The plan is currently being reviewed by the San Francisco Board of Supervisors, who will decide whether to approve the proposal. If approved, the plan is expected to be implemented over the next five years. It is hoped that the plan will provide much-needed relief to the city’s housing crisis and help to ensure that all San Franciscans have access to safe and affordable housing.
