Prop C will build more homes and revitalize our downtown

Yes on Prop C:
More Homes
+ A Vibrant Downtown

Prop C, the More Homes + A Vibrant Downtown ballot measure, waives the City’s transfer tax on projects that convert buildings from non-residential to residential uses, incentivizing more underused office buildings to be converted into housing.

This measure is an important piece of a multi-pronged effort to create a more sustainable, vibrant Downtown neighborhood, and bring investment back to San Francisco.

For projects that are on the edge of financial feasibility, the current 6% tax due on the sale of a converted and leased building is simply too expensive, discouraging owners and developers from undertaking these conversions in the first place.

The increased repurposing of office buildings into housing would reduce the vacancy rate and bring new investment into Downtown, increasing opportunities to create a 24-hour dynamic neighborhood where people can live, learn, work, and play.

Mayor London Breed placed this measure on the March 5, 2024 ballot to build on the progress being made to create a safer San Francisco and incentivize investment into a new, revitalized Downtown neighborhood.

Here’s how Prop C works

The City’s current Transfer Tax – which is up to a 6% tax rate on transactions over $25 million – would be waived after a qualifying non-residential to residential conversion.
The tax waiver would be limited to five million square feet of space converted, and require that planning approval be complete by December 31, 2029.
Projects would need construction approval within three years of planning approval, to ensure conversions are moving forward.
If not all of a building is converted, the transaction would be prorated by converted square footage.


Speaker Emerita
Nancy Pelosi
California Treasurer
Fiona Ma
Scott Wiener
London Breed
Joaquín Torres
Catherine Stefani
Joel Engardio
Matt Dorsey
Rafael Mandelman
Democratic Clubs & Community Organizations
Alice B. Toklas LGBTQ Democratic Club
Bayard Rustin LGBTQ Coalition
Chinese American Democratic Club
Edwin M. Lee Asian Pacific Democratic Club
Filipino American Democratic Club
Grow the Richmond
Housing Action Coalition
San Francisco League of Conservation Voters
San Francisco Women's Political Committee
Sierra Club
Stand with Asians
Stand With Asian Americans
Stop Crime Action
Together SF Action
United Democratic Club
Urban Environmentalists
Westside Family Democratic Club
YIMBY Action
Business Organizations
SF Council of District Merchants Associations
Building Owners and Managers Association (BOMA)
Golden Gate Restaurant Association
Community Leaders
Ben Bleiman, SF Bar Owner Alliance
Rev. Amos BrownVeronica Hunnicutt
Sharky Laguana, Homelessness Oversight Commission
Vanita Louie, Recreation & Park Commissioner
David Miles/Church of 8 Wheels
Danny Sauter, Candidate for District 3 Supervisor
Cyn Wang, Entertainment Commissioner
Candidates for SF DCCC
Cedric Akbar
Mike Chen
Peter Lee
Nancy Tung
Luis Zamora
Laurance Lim Lee
Carrie Elise Barnes
Trevor Chandler
Emma Heiken
Lily Ho
Michael Lai
Joe Sangirardi
Lyn Werbach
Marjan Philhour
Michela Alioto-Pier
Brian Quan
Lanier Coles
Jade Tu
Parag Gupta
Sara Barz
Dan Calamuci