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Board approves HCD grants and loans for Balboa Reservoir affordable housing projects
Summary
The Board approved three state grants and loans through the Mayor’s Office of Housing and Community Development to fund 100 percent affordable housing and related infrastructure at the Balboa Reservoir site, including loans to developers and grants to the city for transit and streetscape improvements.
The San Francisco Board of Supervisors approved three standard agreements with the California Department of Housing and Community Development (HCD) on May 6 to fund affordable housing and infrastructure at the Balboa Reservoir site.
Items 20 through 22 authorize the Mayor’s Office of Housing and Community Development to accept and expend awards from the HCD’s Affordable Housing and Sustainable Communities and Infill Infrastructure Grant programs. Item 20 is a roughly $29,500,000 award that includes a…
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