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Board authorizes Homekey grant and local funding commitment for Hotel Granada purchase at 1000 Sutter
Summary
The Board unanimously approved accepting Homekey grant funding from the state and committing local matching funds and operational subsidies to turn the Hotel Granada at 1000 Sutter Street into permanent supportive housing managed by Episcopal Community Services.
Lede: The Board of Supervisors unanimously adopted a resolution authorizing the Department of Homelessness and Supportive Housing (HSH) to execute a standard agreement for up to $45,000,000 in Homekey funds from the California Department of Housing and Community Development (HCD) to Episcopal Community Services to acquire the Hotel Granada at 1000 Sutter Street and convert it to permanent supportive housing.
Nut graf: The resolution also authorized HSH to commit up to $23,000,000 in local permanent funds and additional operational subsidies over five years to meet local matching requirements and support operations. Supervisors praised staff, the developer/owner and tenants who organized around the property. The motion passed unanimously.
Details: Supervisor Peskin led a statement thanking real estate and nonprofit partners and cited tenant advocacy in support of the acquisition. The project would preserve 232 units and aims to serve very low-income households by converting hotel units to supportive housing with services provided by Episcopal Community Services. The Board recorded an 11-0 roll call in favor of the resolution.
Why it matters: The Homekey program is a major state funding source for converting hotels and motels to permanent housing with supportive services. A $45 million Homekey award combined with local commitments is among the larger single-project Homekey investments in the city during this round. The action moves a site expected to provide hundreds of beds toward firm acquisition and operation.
Ending: The resolution was adopted unanimously. The sponsor and HSH staff will proceed with contract execution, acquisition, and the commencement of conversion work and service planning per HSH timelines.
