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Residents, advisory groups press commission after news report on SoMa stabilization payments
Summary
Commissioners heard an addendum on SoMa Stabilization Fund payments after a weekend newspaper report flagged a late payment. Staff said the final payment is due at final certificate of occupancy and expected within months; community groups said delays paused local requests for funding and urged stronger tracking and public accounting.
At the San Francisco Planning Commission on April 23, officials and community advocates pressed staff for clarity after a weekend report raised questions about payment of the SoMa Stabilization Fund tied to a Rincon Hill project.
Planning staff said the ordinance calls for payment of the stabilization fee at the final certificate of occupancy (CFC). Department representatives told the commission they expect the CFC to be…
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