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VOTE YES ON PROP I

The Affordable Housing Guarantee Act
San Francisco • November 3, 2026


THIS PAGE IS UNDER CONSTRUCTION
(so is the housing)

What is Prop I?

San Francisco voters passed a transfer tax on property sales over $10 million in 2020. They wanted it to pay for housing and rent relief. City Hall put it in the general fund instead. Whack!

Prop I sends the money where voters said it should go:

About $120 million a year. It does not raise taxes. It needs a simple majority to pass. The Controller even audits it every year, like some nerd.

Under construction

The Attack Mailer Says...

(thread by Supervisor Dean Preston, Oct 1 2026, original on Bluesky)

"I hesitate to share the disinformation our opponents are putting out about Prop I, but it needs to be rebutted. They are spending a fortune in a bad faith attempt to block affordable housing and rent relief. The authors of the latest attack mailer know their claims are false."

FALSE CLAIM #1: "It's not an affordable housing fund."

False. The ballot measure dedicates an existing tax on transfers of property worth over $10 million to affordable housing -- 60% to new construction, 25% to preservation & rehab projects, and 10% to rent relief and eviction defense.

FALSE CLAIM #2: "It's a nonprofit slush fund."

False. The funds all go to the Mayor's Office of Housing which administers through competitive bidding. This is the same way other housing ballot measures work, including the one the Mayor is backing (Prop. C).

FALSE CLAIM #3: "There's no requirement they actually build housing."

Another lie. Again, the ballot measure dedicates the money for building housing, administered by the Mayor's Office. Is the Mayor saying his office would violate the measure and refuse to use the funds to build housing?

FALSE CLAIM #4: "Gives millions of dollars to nonprofits to buy up our apartments to take homes off the market."

False. They are lying and apparently attacking the City program (run by Mayor's Office) that saves at risk tenants from eviction by helping them acquire their own buildings as land trusts.

FALSE CLAIM #5: "Majority of money goes to experimental housing communes."

Another lie. They are taking out of context a requirement that for 30% of the new affordable housing, "Residents shall have the right to participate in decision-making concerning the operation and management of the project."

FALSE CLAIM #6: "A never ending flow of money with no accountability."

The money goes to the Mayor's Office of Housing, just like the other housing measure on the ballot. The only difference is that Prop. I requires an additional annual audit by the controller while other measure does not.

FALSE CLAIM #7: "Prop I is written to confuse voters."

False. Prop. I preserves an existing tax on the ultra-rich and dedicates the money to affordable housing & rent relief as voters intended when we originally passed the tax. The opposition is desperate because polling shows 67% support for Prop I.

"Voters passed the transfer tax on sales over $10 million with the clear intent to fund housing and rent relief. City Hall has refused to follow the voters' will and is trying to give billionaires a tax break. Don't let them get away with it. Vote Yes on I to fund affordable housing and rent relief."

Learn More & Vote Yes!

Election Day is Tuesday, November 3, 2026. The full text is on sf.gov:

Tell a neighbor. Vote YES on I.

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