Mayor Breed to Sign SF Rent Control Expansion Covering 16,000 Units Pending Prop 33 Approval

Oct 15, 2024, 10:48 PM

Mayor London Breed has announced her intention to sign the San Francisco rent control expansion passed by the Board of Supervisors. The expansion, which will cover about 16,000 additional units, is contingent on the passage of Proposition 33 by California voters. Proposition 33 aims to expand rent control to buildings that are at least 30 years old, balancing tenant protection with the financial feasibility of new housing development. This measure has received mixed reactions, with some praising it as a necessary anti-displacement protection and others criticizing it for potentially hindering housing production. Proponents argue that it strikes the right balance, while opponents fear it could lead to unintended consequences in future housing policies. Additionally, there is ongoing debate about why 34% of voters are allowed to block affordable housing initiatives, highlighting the broader challenges in addressing California's housing crisis.