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Board approves ground lease for 77 units of supportive housing at 6600 Third Street
Summary
Supervisors approved a ground lease to enable redevelopment of the former Franciscan Hotel site into 77 supportive housing units for formerly homeless individuals and families. The redevelopment will use a nominal $1‑per‑year ground lease and operating subsidy from the Human Services Agency.
The Board of Supervisors approved a ground lease and associated resolution to enable an affordable supportive housing project at 6600 Third Street, the former Franciscan Hotel site. Redevelopment and agency staff described the transaction as a public land trust structure in which the Development Team — Mercy Housing and Providence…
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