Nearly 3,000 residents living in supportive housing units in San Francisco are set to receive a rent reduction by the fall of 2023.
At its meeting Tuesday, the Board of Supervisors voted 11-0 to adopt an ordinance reducing the tenants' requirement that they pay 50% of their monthly income toward their rent to just 30%. District 6 Supervisor Matt Haney authored the legislation, which will bring the city's rent rates in line with the federal standard of 30% for such units.
It will also bring rent parity to all tenants in supportive housing, as those in buildings built since 2016 in the city are paying only 30% of their income toward their rent. The ordinance allows for the city to institute the rent cap change by October 1, 2023, but backers of the policy hope it would be enacted sooner than that.