Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Supervisors direct study of joint powers vehicle to help homeowners with troubled mortgages
Summary
The Board approved a resolution urging a study of a possible joint powers agreement with Richmond and other options to address homeowners with problem mortgages, directing city staff to report back within set timeframes.
The San Francisco Board of Supervisors on Oct. 28 adopted a resolution directing city officials to study the feasibility of a joint powers agreement and other approaches to assist homeowners with troubled private-label securities (PLS) mortgages.
Supervisor David Chiu (acting as President Hsu during the meeting) and Supervisor John Avalos led debate that resulted in a revised measure that asks the Controller, in consultation with the City Attorney and the Mayor’s Office of Housing, to analyze potential approaches and…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
