SF Mayor touts new housing proposal in city speech
SAN FRANCISCO (AP) -- San Francisco Mayor Ed Lee says at least 30,000 more housing units will added in the city within next six years, as rental and housing costs continue to rise.
Lee said during his State of the City Address on Friday that at least one-third of the new or rehabilitated housing by 2020 will be for low- and middle-income families, The goal is to address San Francisco's housing shortage, which is leading to more demand and rising costs.
The mayor also outlined a seven-point plan he hopes will help affordable housing go up at a faster rate, protect residents from eviction, stabilize rent-controlled units and rebuild public housing.
The city has been criticized by many longtime residents and housing advocates who blame rising housing costs on the region's flourishing technology industry.