San Francisco County is poised to enhance its housing funding opportunities following a significant resolution passed during a recent government meeting. The resolution authorizes the Mayor's Office of Housing and Community Development (MOHCD) to submit an application for the pro housing designation program, administered by the California Department of Housing and Community Development. This designation is crucial as it will provide San Francisco with additional points in competitive applications for vital housing and infrastructure funding.
Sheila Nicolopoulos, the director of policy and legislative affairs for MOHCD, highlighted that the city’s previous application was delayed to align certain policies with the program's requirements. With the updated guidelines, the city has resubmitted its application, which is expected to bolster its chances of securing state funding for affordable housing projects. Nicolopoulos emphasized that two-thirds of the funding for affordable housing in San Francisco comes from state or federal sources, making the competition for these funds particularly fierce.
The resolution is not just a procedural step; it is a strategic move to secure up to $150 million for three housing projects currently pending applications for the affordable housing and sustainable communities grant program. If awarded, these projects could commence construction as early as next year. Additionally, a transportation grant application for $26 million is also in the pipeline, further underscoring the city's commitment to improving housing and infrastructure.
To qualify for the pro housing designation, San Francisco must meet several requirements, including compliance with state housing laws and the adoption of best practices for managing homeless encampments. The application showcases 14 existing policies that support housing production, such as favorable zoning regulations and expedited permitting processes.
The urgency of this application is heightened by recent budget announcements that have reduced funding for non-affordable housing programs. Nicolopoulos noted that the state is expected to complete its review of San Francisco's application by May 17, making this a critical moment for the city to position itself favorably in the competitive landscape for housing funding.
As the city moves forward with this initiative, the implications for affordable housing development in San Francisco are significant, promising to enhance the community's access to essential resources and support the ongoing efforts to address housing shortages.