Funding for affordable housing on the ballot in 11 communities

by Israel Bayer

Communities in Washington, California and Massachusetts are all voting today on local funding for housing.

In San Francisco, voters will consider Prop C, which would increase the real estate transfer tax for transactions involving all properties valued at $1 million or above by 0.2 percent. If passed, the proposition would generate an estimated $1.1 billion over the next 30 years for affordable housing.

In Bellingham, voters will consider Proposition 1 which would impose a tax of 36 cents per $1,000 of property value, generating $21 million over seven years.  The money would go towards supporting the Bellingham Home Fund to provide housing for families, seniors, veterans and others experiencing or at risk of homelessness.

Nine Massachusetts cities and towns are voting on the adoption of the Community Preservation Act, which allows local communities to pass a surcharge of up to three percent on real property in order to create a local dedicated fund for the four Community Preservation Act purposes: affordable housing, open space preservation, historic preservation, and outdoor recreation.

The Center for Community Change’s Housing Trust Fund Project created a centralized webpage with information about all 11 of these campaigns.

Follow the results tonight on Twitter at @CCCHTFP.

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