Chyanne Chen

Stories

San Francisco approves public bank framework, rejects housing set-aside

Supported Proposition B

San Francisco voters approved Proposition B, authorizing the city to create a municipal finance corporation that can lend for affordable housing, small business and climate projects. The campaign declared victory on Nov. 9, with the measure at 52.3% in the latest count after trailing on election night.

Updated Yesterday

San Francisco committee advances OpenGov permitting contract without recommendation

Money Moves

Voted for amended $22M extension; pressed for oversight tools

The Board of Supervisors voted 10-1 on Sept. 15 to extend OpenGov's contract for three years at up to $22 million, with Jackie Fielder the lone no vote. Supervisors cut the mayor's five-year request, initially worth up to $38.9 million, and added a clause letting the city cancel the deal without proving breach or wrongdoing.

Updated Oct 31

Notable Quotes

A public bank would open the doors to build an engine for affordable housing, a lifeline for struggling small business, and the financial backbone for our climate goals.

from San Francisco approves public bank framework, rejects housing set-aside · Updated Yesterday

"This gives [the city] enough flexibility to continue the implementation of permits but gives the board stronger oversight and accountability tools."

from San Francisco committee advances OpenGov permitting contract without recommendation · Updated Oct 31