The San Francisco County government meeting on June 14, 2023, focused on the budget allocation for affordable housing and community development initiatives. Key discussions highlighted the financial strategies and challenges faced by the county in supporting housing opportunities and essential services for residents.

Approximately 54% of the budget is allocated to grants for community-based organizations (CBOs), with 30% directed towards affordable housing loans. The meeting emphasized the importance of addressing language access and poverty alleviation, which are central to the county's mission. Performance measures were discussed, including tracking the number of clients served by CBO partners and the production or preservation of affordable housing units.

The budget includes significant investments, such as $44.5 million in the housing trust fund, which is earmarked for affordable housing loans, down payment assistance, and grants to CBOs. Additionally, a $10 million investment in the Dreamkeeper down payment assistance loan program and $31 million for the loss program were noted. The county anticipates completing around 1,800 new or rehabilitated affordable units in the next two budget years and closing approximately $775 million in new affordable housing loans.

However, the meeting also addressed budgetary challenges, including a reliance on general obligation bonds and the unpredictability of federal and state funding. Development impact fees have decreased, while construction costs have risen, complicating the county's ability to meet housing needs. To address budget reduction targets set by the mayor, the county plans to cut grants to CBOs, although efforts were made to minimize the impact on direct services.

Overall, the meeting underscored the county's commitment to affordable housing and community support, while also navigating significant financial hurdles. The next steps involve implementing budget adjustments and continuing to seek funding sources to meet the growing demand for affordable housing in San Francisco.