Preserve rental housing as permanently affordable

Background and context (including, if applicable, where this idea came from):
We’re losing affordable housing to speculators, developers, condo converters. When a house goes up for sale an investor walks in with cash while a nonprofit is trying to pull together the funding to buy it. The developers aren’t building much new housing, public money is scarce, and it’s less expensive to save existing affordable housing than to build new. According to recent statements from the Mayor’s Office of Housing, acquiring existing housing units can cost as little as half of what it costs to build new ones.

The Acquisition Opportunity Program (AOP) gives nonprofits ready cash so they can compete to buy existing housing, keep the tenants in place, and make the housing permanently affordable. Let’s expand AOP funding, keep people in their homes and keep our neighborhoods affordable.

This idea came from residents familiar with preserving affordable housing and with community land trusts at the first assembly and in the housing working groups.

Proposal (including what specifically the money would be spent on):
Prevent displacement and protect existing affordable housing by funding the Acquisition Opportunity Program (AOP) with money from the city’s operating budget to allow more affordable housing developers and land trusts to buy occupied housing and make permanently affordable rental housing.

提案费用：
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City Department that would implement it (if known):
Mayor's Office of Housing

人民预算的价值（仅供参考）：

• 自决权：我们清楚社区的需求，并有权自主决定。

• 透明度：我们秉持诚实和开放的态度行事，让所有人都能了解决策过程。

• 关怀：我们通过关怀守护彼此的安全 / 满足需求而非惩罚。

• 团结：我们彼此扶持。除非所有人获得自由，否则无人能真正自由！

• 集体智慧：最受决策影响的人应主导决策。

• 幸福福祉：我们值得拥有超越生存的更多。每个人都应获得所需，以过上丰盛而快乐的生活。

提醒：3月14日居民大会投票时，请各位居民审慎考量各项提案是否符合这些核心价值观，并为符合价值观的提案投下支持票。

该提案如何体现人民预算的核心价值？
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