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Supervisors add appraisal requirement to mental-health cooperative housing loan ordinance; passes on first reading
Summary
The Board amended and passed an ordinance to create a Cooperative Living Opportunities for Mental Health loan fund, inserting an explicit appraisal requirement for property acquisitions before purchase; the ordinance passed as amended on first reading unanimously.
The Board of Supervisors amended and passed on first reading an ordinance establishing a Cooperative Living Opportunities for Mental Health loan fund and program to finance acquisition of communal residential properties for people with chronic mental illness and/or substance use disorders.
Supervisor Ahsha Safaie proposed a narrow amendment to add a required appraisal of any property prior to purchase. Deputy City Attorney John Gibner…
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