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Board approves multiple affordable housing financings; supervisors warn PG&E infrastructure costs are raising project bills and causing delays
Summary
The San Francisco Board of Supervisors on April 25 approved financing and loan amendments for several 100% affordable housing projects, while supervisors warned that utility upgrade costs charged by PG&E are inflating budgets and delaying openings.
The San Francisco Board of Supervisors on April 25 adopted a series of resolutions to finance multiple 100% affordable housing developments and to increase loan amounts for projects where construction costs rose.
Items approved on the consent calendar included finance authorizations for Sunnydale Hope SF Block 3A (an 80‑unit project) and Hunter’s View Phase 3 (118 units), plus amended loan agreements and state grants tied to those developments. The board also approved loan amendments for projects at 4840 Mission Street and 555 Larkin Street.
Supervisor Sandra Lee Fewer (note: transcript identification: Supervisor Chan) and others raised a specific…
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