Mayor Daniel Lurie, Supervisors Myrna Melgar and Chyanne Chen, and Housing Leaders Kick Off Yes on Prop C in Chinatown

SAN FRANCISCO — Mayor Daniel Lurie joined Supervisor Myrna Melgar, Supervisor Chyanne Chen, Housing Accelerator Fund CEO Rebecca Foster, and community leaders in Chinatown this morning to launch the Yes on Prop C campaign, which renews San Francisco's Housing Trust Fund through 2058 and grows annual funding for affordable housing to as much as $125 million a year, without raising taxes.

Since its creation, the Housing Trust Fund has been one of San Francisco's primary tools for building and preserving affordable homes, helping first-time buyers purchase in the city where they work, and funding rental assistance for seniors and at-risk tenants. Without renewal, that funding and the affordable housing pipeline it supports disappear. Prop C reallocates money the city already collects rather than creating any new tax.

The campaign chose Chinatown for its kickoff because the neighborhood has relied on the Fund for years to preserve affordable housing and protect longtime residents from displacement.

“San Francisco is on the rise, but there’s no comeback if working families can’t afford to live here,” said Mayor Daniel Lurie. “We need to build housing faster. Prop C helps to jumpstart affordable housing projects with stable, dependable, and responsible funding.”

"I've spent my career in affordable housing planning, and I wrote this measure because San Francisco needs a predictable, stable source of financing, not one we have to fight to renew every decade," said Supervisor Myrna Melgar (District 7), author of Prop C. "Chinatown knows what that stability means better than almost anywhere in this city, where community groups have used it to keep building and preserving homes for decades. I'm urging voters to support Prop C so we can keep doing that work for the next 30 years.”

"Immigrant families built this city one household at a time, working long hours so their kids could have something better," said Supervisor Chyanne Chen (District 11). "Prop C is rental assistance, so a grandmother isn't pushed out of the home she's lived in for thirty years. It's a down payment to help a teacher afford to buy in the city where she teaches other people's kids. And I want to be clear, this measure does not raise anyone's taxes.”

"This fund has a track record you can actually measure, over a decade of building and preserving affordable homes across this city," said Rebecca Foster, CEO of the Housing Accelerator Fund. "Prop C isn't asking anyone to take a chance on something untested. It's growing a proven, sustainable source of housing dollars San Francisco can count on for the next 30 years, in neighborhoods like this one that have used it well.”

Malcolm Yeung, CEO of the Chinatown Community Development Center (CCDC), served as master of ceremonies for the event, underscoring CCDC's decades of work building and preserving affordable housing throughout the neighborhood.

About Prop C

Raises no new taxes, by dedicating some future property tax growth to affordable housing.
Funds affordable housing construction and preservation, first-time homebuyer assistance, and rental assistance for seniors and at-risk tenants
Renews San Francisco's Housing Trust Fund through 2058
Grows annual funding from roughly $50 million to as much as $125 million a year
Funds cannot be redirected without voter approval.

Prop C will appear on the November 2026 San Francisco ballot.