This, I like. It’s no secret that San Francisco has some of the priciest real estate on the planet—the median price is a cool million. Because of this nosebleed-inducing pricing, more than 60% of San Francisco first responders—police, firefighters and EMTs—live outside the city.
Sure, they make a nice income, but still: getting together the down payment for a million dollar “starter” home is no small task. So having some assistance in the form of a no-payment loan of up to $100,000 can make all the difference.
The program was first proposed by Supervisor Mark Farrell and approved by the voters last year under Proposition C. The Mayor’s Office has promised to release all the details on Thursday. Those particulars will be available at www.sf-moh.org.
So far, the program sets aside $1 million each year for the first five years. According to the San Francisco Chronicle, 45 people have expressed interest.
If you know any police or fire people who work for San Francisco, you should tell them about this.
I think it’s a good start—and an excellent way to express gratitude to these people who regularly put their lives on the line for their community.