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Committee amends and continues Monarch Hotel lease to allow one‑year operation while HSH plans wind‑down
Summary
The Budget and Finance Committee amended a proposed lease and voted to continue consideration to April 9 after approving a substantive change: a retroactive one‑year lease for the Monarch Hotel (1015 Geary Street) as a 102‑unit noncongregate shelter, with annual base rent of about $1.6 million and a $100,000 final payment due upon surrender.
The Budget and Finance Committee on March 26 amended and continued a proposed lease between the Department of Homelessness and Supportive Housing (HSH) and the Lombard Hotel Group for use of the Monarch Hotel (1015 Geary Street) as a noncongregate adult shelter.
HSH Deputy Director for Communications and Legislative Affairs Emily Cohen told the committee the city has operated the Monarch as a hotel‑based shelter since 2020 as part of the COVID response and that HSH renegotiated the booking agreement into a lease intended to reduce costs. The amended lease now before the committee is…
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