Gov. Gavin Newsom and Democratic legislative leaders really, really don’t want California voters to approve a November ballot measure to roll back parts of Proposition 47, the controversial 2014 initiative that reduced some theft and drug crimes from felonies to misdemeanors.
In fact, they’re so desperate to prevent the measure from succeeding that they’re willing to subvert and twist the very process they claim to revere more than anything else — democracy — to achieve their aims.
To nobody’s surprise, the Bay Area Housing Finance Authority agreed on Wednesday morning to put a $20 billion regional bond on the November ballot in nine counties. But opponents of the mammoth tax offered a serious, compelling critique. Will Sherman reports in this Opp Now exclusive. Although outnumbered, a group opposed to the biggest housing bond in the state’s history showed up early to the MTC’s Beale Street entrance in downtown San Francisco, carrying homemade signs that read “$20b bond + 28b waste,” and “No Bonds for MTC.”
The Board of Supes continued a vote on a statewide rent-control measure Tuesday because Sup. Ahsha Safai, a likely supporter, left the meeting early. It will be back July 2.
In the meantime, it’s worth looking at how the big landlord lobby is organizing against the measure—and trying to stop its sponsor from funding future pro-tenant legislation.
It’s a trail of big money and front groups.
The Big Real Estate lobby, with the support of California Yimby, is going to great lengths to defeat a measure that would allow effective rent control in California—including a lobbying campaign to stop the SF Board of Supes from endorsing the measure.
At the center of the local effort is Sup. Catherine Stefani, who this week tried to block a normally routine effort by the supes to endorse the state bill.
A recent court ruling exempted five charter cities from a controversial housing law. That’s given anti-density advocates across California an idea.
When a judge ruled recently that a controversial state housing law did not apply to a handful of southern California cities, Julie Testa saw it as an invitation.
Testa, the vice mayor of Pleasanton, wanted what Redondo Beach was having. She wanted to turn her bedroom community east of San Francisco Bay into a charter city.
There is much to question about a Housing Bond which will cost $48B in total debt service, yet
yield only $16B in proceeds for housing. At an average of $178K per unit, what will be built are
not Homes, but Corporate Rental Apartments, owned by wealthy investors who can benefit from
the 9% investment tax credit, and depreciation writeoff. And this Bond would continue a trend to institutional ownership of housing, not unlike the Mining and Mill towns of the 19th century.
A weekly Zoom call to talk about housing legislation and strategies to preserve local control. Bring your questions and ideas. Informal networking, announcements, and updates. PLEASE NOTE: You have to register in advance the first time to get the new Zoom link. After registering, you will receive a confirmation email containing information about joining the meeting. The Zoom link will work for the rest of the year. REGISTER
A weekly Zoom call to talk about housing legislation and strategies to preserve local control. Bring your questions and ideas. Informal networking, announcements, and updates. PLEASE NOTE: You have to register in advance the first time to get the new Zoom link. After registering, you will receive a confirmation email containing information about joining the meeting. The Zoom link will work for the rest of the year. REGISTER
A weekly Zoom call to talk about housing legislation and strategies to preserve local control. Bring your questions and ideas. Informal networking, announcements, and updates. PLEASE NOTE: You have to register in advance the first time to get the new Zoom link. After registering, you will receive a confirmation email containing information about joining the meeting. The Zoom link will work for the rest of the year. REGISTER
A weekly Zoom call to talk about housing legislation and strategies to preserve local control. Bring your questions and ideas. Informal networking, announcements, and updates. PLEASE NOTE: You have to register in advance the first time to get the new Zoom link. After registering, you will receive a confirmation email containing information about joining the meeting. The Zoom link will work for the rest of the year. REGISTER
A weekly Zoom call to talk about housing legislation and strategies to preserve local control. Bring your questions and ideas. Informal networking, announcements, and updates. PLEASE NOTE: You have to register in advance the first time to get the new Zoom link. After registering, you will receive a confirmation email containing information about joining the meeting. The Zoom link will work for the rest of the year. REGISTER
