San Francisco County officials have clarified the allocation of $165 million in funding during a recent government meeting, emphasizing that these resources will not be available for new projects. Instead, the funds will serve as gap financing for existing projects that have already secured state and federal funding.

The discussion highlighted the importance of understanding the financial needs of ongoing projects before advancing any funds. Officials confirmed that the $165 million will be directed towards projects that have completed pre-development financing and are now in need of additional resources to bridge funding gaps.

In addition to the $165 million, officials are also preparing a list of projects that are in the pipeline for a separate $300 million allocation. This information will be shared with the supervisors to ensure transparency and keep stakeholders informed about the county's development initiatives.

The meeting underscored the county's commitment to effectively managing public funds and supporting projects that are already underway, rather than initiating new ones at this time. As the county moves forward, the focus will remain on maximizing the impact of existing resources to foster community development.