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Board approves bond package to fund AIMCO Bayview/Hunters Point rehabilitation, includes tenant protections
Summary
Supervisors adopted resolutions authorizing tax-exempt bonds for rehabilitation of several AIMCO-owned low-income housing complexes in Bayview Hunters Point, with rent protections, prevailing-wage and oversight commitments tied to a previous settlement with the city.
The San Francisco Board of Supervisors adopted a series of resolutions on Aug. 15 authorizing the issuance and sale of tax-exempt revenue bonds to finance rehabilitation of multiple AIMCO-owned rental properties in Bayview Hunters Point.
Supervisor Sophie Maxwell, who led the discussion, told colleagues the actions implement terms of a 2004 settlement between the city and AIMCO that required substantial rehabilitation of substandard conditions at properties on Hunters Point Hill and a $1 million contribution to a new Boys &…
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