SF clears way for 3,500 homes at Stonestown (+ $535M bond)
The committee cleared a $1.56B financing plan for 3,500 homes at Stonestown and sent a $535M earthquake safety bond to the June 2026 ballot.
San Fransisco
Budget and Finance Committee Meeting
January 14, 2026
TL;DR
- Stonestown's $1.56B financing plan cleared the committee, unlocking ~3,500 new homes on the west side.
- A $535M earthquake safety bond is headed to the June 2026 ballot, with a 50% landlord pass-through to tenants if it passes.
- A second financing district was approved for 3333/3700 California Street, supporting ~1,274 new homes.
- The city's film rebate program got its first overhaul since 2006, raising the cap to $1M and adding a 10–20% local spending rebate.
- A $9B revenue bond appropriation for SFO capital projects also moved forward, paid by airport revenues, not the general fund.