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Board authorizes multiple state grants and Homekey applications for Balboa Reservoir and other affordable housing projects
Summary
Supervisors approved a set of grant agreements and joint Homekey applications to support several 100%-affordable projects at the Balboa Reservoir site and other locations, including loans and grants totaling tens of millions of dollars; supervisors expressed support and noted expected ground‑breaking this year for one project.
The San Francisco Board of Supervisors on May 6 adopted resolutions authorizing several grant agreements and joint applications intended to finance affordable housing and related infrastructure near the Balboa Reservoir and additional Homekey applications.
The Mayor's Office of Housing and Community Development (MOHCD) will execute three standard agreements with the California Department of Housing and Community Development (HCD): - Item 20: Approximately $29.5…
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