Supporters of Proposition 15, a city ballot measure that would have spent $78.3 million on affordable housing, seem shocked that their bond proposal appears headed for defeat. It was the only bond proposition on the ballot that looks like it will be narrowly rejected. With almost 219,000 votes counted, 51.27 percent opposed the proposition and 48.73 supported it.
“We’re going to have to take some time and figure out why the housing bond didn’t pass,” says Walter Moreau, executive director of the affordable housing non-profit Foundation Communities. “We had some visibility. We didn’t have opposition. We had support from the papers and Interfaith Action and affordable housing groups.”