From today’s Examiner, “San Francisco has scored $45 million in state funds for affordable housing, officials announced this week. The City will use the money to help fund 530 units of affordable housing ranging from a high-rise tower for families in the Mid-Market neighborhood to senior housing on Alabama Street. The money will help support six projects, which will also rely on funding from other sources.”

“The state funds come from Prop. 46, a $2.1 billion housing bond approved by voters in 2002. Matt Franklin, director of the Mayor’s Office of Housing, said San Francisco did better than in past years and received about 25 percent of the money, though The City accounts for less than three percent of the state’s population. Franklin said the money is doled out based on the quality of the proposals, which are scored on specific criteria such as the level of affordability.”

“Of San Francisco’s 530 units, about 230 will be for families and 280 for supportive housing for the chronically homeless, he said.”

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