Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Board approves 365 Fulton ground lease for 20-unit supportive housing; neighbors voice parking, safety concerns
Summary
The Board approved a 65‑year ground lease (with a 34‑year option) for redevelopment parcel G at 365 Fulton Street to build 20 supportive housing studio units with on‑site services; developers and service providers described security plans and community outreach, while neighboring institutions raised parking and safety concerns.
The Board of Supervisors adopted a resolution approving a ground lease for 365 Fulton Street (Central Freeway Parcel G) to develop 20 supportive housing studio units with onsite services for formerly homeless people.
Redevelopment Agency staff described the project as a partnership between Mercy Housing and Community Housing Partnership (CHP), including a 65‑year ground lease with a 34‑year extension option and an annual lease amount of $15,000. The project has planning entitlements and will pursue low‑income housing tax credits; major funding sources cited were LIHTC equity, tax increment financing and the state’s multifamily housing program. The agency said…
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
