San Francisco Voters to Decide on Municipal Finance Corporation Charter Amendment
1 report, 1 independent
Updated Sun 00:00
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What happened
San Francisco voters are scheduled to decide in November on Proposition B, which proposes establishing a Municipal Finance Corporation and a Public Bank. This charter amendment would authorize the city to create a nonprofit lending institution.
From sfpublicpress.org
Why it matters
The proposed Municipal Finance Corporation would prioritize funding for affordable housing, small businesses, and environmental projects. The institution would operate under specific restrictions, avoiding investments in industries such as fossil fuels, tobacco, and weapons.
From sfpublicpress.org
Who's involved
- San FranciscoThe location where the charter amendment would authorize a new city-owned financial institution.
- San Francisco Board of SupervisorsThe city legislature in San Francisco, California, USA.
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The entities involved
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San Francisco Board of Supervisors
city legislature in San Francisco, California, USA