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Wed Jan 10, 2018, 03:36 AM

$900M bond measure proposed to address San Diego homelessness

Local affordable housing advocates are proposing a $900 million bond measure in November that would fund roughly 7,500 subsidized apartments for the chronically homeless, veterans, senior citizens, disabled people and low-income families.

Supporters say the measure, which would raise property taxes in San Diego by about $72 a year for the average homeowner, would provide enough affordable housing to potentially solve the city’s homelessness problem.

The measure would also help San Diego secure a greater share of state and federal money devoted to homelessness and affordable housing by providing local matching local funds typically necessary for such assistance.

Without such local funds, San Diego will be eligible for less state and federal assistance than other California cities and counties that have approved similar tax hike measures addressing homelessness in recent years.

Read more: http://www.sandiegouniontribune.com/news/politics/sd-me-housing-measure-20180109-story.html

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