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City reports progress on 2015, 2016 (PAS) and 2019 affordable‑housing GO bonds; 2015 fully spent
Summary
The Mayor’s Office update said the 2015 affordable‑housing general‑obligation bond is fully spent; the 2019 bond remains about 75% issued/encumbered with roughly $106 million to issue, and the 2016 Preservation and Seismic Safety (PAS) program continues to finance rehabilitation and seismic retrofit projects.
Andrea Fermor, finance director in the mayor’s office’s housing and community development program, updated the committee on the city’s affordable‑housing general obligation (GO) bond programs using data through December 2024.
Fermor reported the 2015 GO bond funds have been fully spent and the city is working with the comptroller’s office and the Office of Public Finance on closeout. She said the 2015 program added more than 1,500 affordable housing units to the city’s stock.
The 2019 GO bond, a…
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