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Commission adopts $745 million FY2018‑19 budget, highlights bond‑funded affordable housing loans
Summary
The commission approved a FY2018‑19 budget of $745,000,000, a small revision down from the draft; staff said the increase from the prior year largely reflects planned bond‑funded affordable housing loans and three proposed bonds totaling roughly $144.1 million for Mission Bay and SB 107 housing efforts.
The Commission on Community Investment and Infrastructure voted May 1 to adopt its FY2018‑19 budget of $745,000,000 and authorized the executive director to submit the interim budget to the mayor's office and the Board of Supervisors.
Deputy director for finance and administration Bree Mahorter told the commission the version presented represented a technical reduction from a previously circulated draft of $747,600,000 to an updated total of $745,000,000—about a 0.3 percent decrease. Mahorter said…
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