The San Francisco Board of Supervisors on Sept. 30 adopted a resolution directing the controller, the Office of Economic and Workforce Development, and the Mayor’s Office of Housing and Community Development to explore options for forming an Enhanced Infrastructure Financing District (EIFD) to fund affordable housing and neighborhood infrastructure.
Supervisor Matt D. (Melgar) said the resolution is an early step to evaluate financing tools that rely in part on future property tax growth to fund short‑term infrastructure and affordable housing projects. “By voting on this resolution, it does not bind us to do any particular formation of EIFDs,” he told colleagues, adding that the tool could be countercyclical and help produce affordable housing even when the market is soft.
Supervisor Connie Chan registered the lone recorded no vote (10‑1) and urged the board to prioritize housing bonds, including a potential regional bond, arguing bonds provide more flexible funding citywide and that EIFDs can take decades before yielding measurable revenue. Supervisor Chien raised similar concerns about diverting tax capacity and urged focusing on bond capacity for a 2028 regional housing bond. Supervisor Melgar and other backers said formation study does not preclude bonds and that multiple financing tools will be needed.
The resolution is an expression of interest and asks city departments to return with analyses and options for public consideration later this fall. The board adopted the resolution 10‑1 with Supervisor Chan voting no.