Prop G: Affordable Housing Opportunity Fund
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Proposition G aims to create the first-ever Housing Opportunity Fund to help thousands of low-income seniors and people with disabilities pay their rent in San Francisco.
Curious how? Read below.
The Challenge of Housing Affordability
The Housing Opportunity Fund’s main beneficiaries would be extremely-low-income households. For seniors and disabled individuals, this is particularly valuable, as 46% of 65+ adults are struggling to meet their basic needs. With the city’s senior population projected to increase to 26% by 2030, the need for affordable housing solutions for this demographic is growing rapidly.
On a broader scale, over 66,000 people fall into the Extremely Low-Income (ELI) income bracket in San Francisco. Most affordable housing options available via SF DAHLIA require an income of at least 40 to 50% of the area median income, which is $3,990 for an individual and $4,904 for a family of four — this is above the income level of ELI families, and this fund proposes a way to close that gap.
How Prop G Seeks to Make a Difference
Proposition G offers a solution by creating a dedicated Housing Opportunity Fund. Key features of Prop G include:
Dedicating millions of dollars annually to help pay rent for people 62 or older living in affordable housing developments
Potentially funding the Senior Operating Subsidy program, which has already helped hundreds of extremely low-income seniors pay their rent
Providing consistent funding for rental assistance programs that have previously lacked stable financial support
Where the Money Comes From
The Housing Opportunity Fund, which has been backed by Supervisor Aaron Peskin, seeks to make make 700+ units affordable to ELI households by 2026, and 2,800+ households by 2031 — all for under 0.1% of the city’s estimated 2026 budget.
At $8.25m per year starting in 2026, the budget is set to grow by the same amount until reaching a cap of $33m in 2029. This price would create greater housing opportunities for an estimated 2,200+ people through subsidized housing units to be listed on San Francisco’s DAHLIA Housing Portal.
The Impact on Our Communities
As a housing non-profit, we recognize the potential benefits of Prop G:
It would provide a dedicated funding source for rental assistance to seniors and disabled residents
The fund could help stabilize housing for some of the city's most vulnerable populations
It addresses a growing demographic need in San Francisco's aging population
With the need for affordable housing growing by the day, this fund would create a long-lasting impact for families in need.
A Step Towards Housing Justice
Prop G represents a targeted approach to addressing a specific aspect of San Francisco's housing crisis. By focusing on seniors and disabled residents in affordable housing, it aims to ensure that these vulnerable populations can remain housed and secure in their communities..
The Choice is Yours
As advocates for affordable housing, we at the Bill Sorro Housing Program believe that Prop G could be a crucial step in supporting some of San Francisco's most vulnerable residents. It represents a commitment to ensuring that seniors and disabled individuals can afford to stay in their homes and communities
We urge voters to learn more about Proposition G and consider its potential impact on housing affordability for seniors and disabled residents in San Francisco.
Voting resources:
California Secretary of State: For voter registration services and information in multiple languages.
Vote411.org: A nonpartisan resource that provides personalized voting information based on your address, including registration status and polling locations.
San Francisco Department of Elections: Learn how to register, update voter registration, and details about polling places.
Accessible Vote-by-Mail (AVBM): Provides options for voters needing accessibility assistance.