Everyone has the right to live in our great city, but increasing prices and the loss of over 10,000 units of affordable housing over the last 15 years is leading to displacement of many of the very people that made our communities great to begin with.
This is not just a problem - over the next 5 years it will become a crisis if we do not act to create and retain affordable housing. We need a bold vision to work collaboratively with our public, private, and nonprofit partners to create a consistent stream of funding for new affordable housing and retention of naturally occurring affordable housing. One such policy is to set aside a percentage of the property tax revenue the city receives from any increase in the property values of homes valued at $300,000 or more for a special fund exclusively for affordable housing.
During my time representing the 3rd Ward, we have stood up for affordable housing, bringing the Affordable Housing Trust Fund to record levels, and pushing for affordable housing in and around the 3rd Ward. To tackle this crisis, however, we need this leadership constantly on a city-wide basis.