San Francisco to Spend $44M on Teacher Housing

May 12, 2017

San Francisco has committed to spend $44 million to construct homes for its public school employees.

According to a San Francisco Examiner report, Mayor Ed Lee announced that the city will build 135 affordable units at the former Francis Scott Key Elementary School in the Outer Sunset section of the city. The housing units will be offered to 80 middle-income teachers and 55 public school paraprofessionals.

“We couldn’t afford to sit back and wait for solutions to slowly develop when it came to housing for our teachers,” the mayor said in an e-mail. “Our educators make up a key part of working class families in this city. We need to find solutions to keep them living in San Francisco.”

However, the mayor did not say when construction is expected to begin or conclude, nor have any plans been made to determine which public school employees will be eligible for housing consideration.

About the author

Phil Hall

Link copied

Published

May 12, 2017

Analysis and Data

Teensy Nudge Up For 30-Year Fixed-Rate Mortgage Rates

30-year FRM stays essentially flat following seven weeks of downward drift

The average 30-year fixed-rate mortgage (FRM) rate rose ever so slightly to 6.65% as of the week ending March 13, an increase from 6.63% the prior week, according to Freddie Mac’s Primary Mortgage Market Survey (PMMS). Sam Khater, chief economist at the company, note...

Regulation and Compliance

New FHFA Director To Prioritize Efficiency Over GSE Re-Privatization

Industry groups applaud Bill Pulte’s confirmation as FHFA Director, pledge to work on U.S. housing affordability ‘crisis’

Now that the U.S. Senate has confirmed Bill Pulte as Director of the Federal Housing Finance Agency (FHFA), reports have it that Pulte’s top priority will not be removing Fannie Mae and Freddie Mac from government conservatorship. Rather, he’ll focus on rooting out any f...