The Board of Supervisors hereby finds and declares that it is necessary and essential, serves a critical public purpose, and is a municipal affair, for the City to address its middle-income and workforce affordable housing crisis by issuing bonds to finance the acquisition, development, rehabilitation, and construction of housing for middle-income and workforce individuals and households. The City can promote such interests pursuant to this Article XV without adversely affecting areas outside the City and without conflicting with efforts by the State of California to solve problems of statewide concern.
(Added by Ord. 211-24, File No. 240726, App. 8/1/2024, Eff. 9/1/2024)