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San Francisco housing office partners with Legacy Foundation for down payment assistance

May 21, 2024 | San Francisco City, San Francisco County, California



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This article was created by AI summarizing key points discussed. AI makes mistakes, so for full details and context, please refer to the video of the full meeting. Please report any errors so we can fix them. Report an error »

San Francisco housing office partners with Legacy Foundation for down payment assistance
San Francisco's commitment to affordable housing took center stage during a recent government meeting, where the Mayor's Office of Housing and Community Development (MOHCD) outlined plans to enhance down payment assistance and improve access to housing for residents. The meeting featured the introduction of Dan Adams, the new executive director of MOHCD, who emphasized the importance of collaboration with the Office of Community Investment and Infrastructure (OCII) to address housing challenges.

A key focus of the discussion was the Memorandum of Understanding (MOU) aimed at administering down payment assistance funded by the Legacy Foundation. This initiative is designed to create more affordable housing opportunities in San Francisco, a city grappling with rising living costs and housing shortages.

Adams expressed his commitment to refining the Certificate of Preference (COP) program, which aims to assist individuals displaced during urban renewal. He acknowledged the challenges faced by COP holders, particularly in accessing affordable housing due to income limitations. The director highlighted the need for increased outreach and support to ensure that eligible individuals can benefit from available housing units.

Commissioners raised concerns about the effectiveness of existing programs, particularly in light of the significant decline in applicants who qualify for affordable housing. Adams noted that the rising operational costs of housing developments necessitate greater subsidies to maintain affordability. He pointed to the recent passage of a $300 million bond as a positive step toward increasing funding for affordable housing initiatives.

The meeting also touched on the intersection of homelessness and housing access, particularly among the African American community, which represents a significant portion of the city's homeless population. Adams committed to exploring ways to better utilize funds from the "Our City, Our Home" initiative to support both COP holders and those experiencing homelessness.

As the meeting concluded, the commissioners expressed gratitude for the ongoing efforts to improve housing access and pledged to continue working collaboratively to address the pressing needs of San Francisco residents. The discussions underscored the city's ongoing struggle to balance housing affordability with rising costs, highlighting the importance of sustained funding and innovative solutions to meet the needs of its diverse population.

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