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SFHA substitutes affiliate as Plaza East developer partner, agrees to oversee repairs
Summary
The San Francisco Housing Authority approved replacing the developer general partner at Plaza East with an affiliate, authorized a memorandum of understanding to provide contract oversight, and increased a repair contract after uncovering additional unit damage.
The Housing Authority of the City and County of San Francisco on Wednesday approved replacing the developer general partner of Plaza East Apartments with an authority affiliate, authorized staff to provide contract oversight for the property under a memorandum of understanding, and increased a repair contract to address additional unit damage, officials said. Plaza East Associates LP owns Plaza East Apartments, a 193‑unit property with units restricted to households at or below 60 percent of area median income. The partnership was formed using HOPE VI implementation grant funds and low‑income housing tax credits.
Authority project staff told commissioners the change follows a formal request by the developer affiliate MBA Urban Development Company to withdraw from the ownership entity. "They formally requested to withdraw from the ownership entity in 09/18/2024," an SFHA presenter said. The board approved substituting SFHA Housing…
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