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Budget committee adopts amendments to update Prop I social housing appropriation, continues ordinance to June 29
Summary
The Budget & Appropriations Committee voted unanimously June 23 to adopt amendments updating the appropriation ordinance that would use certificates of participation to fund oversight-board recommendations from Prop I, and continued the ordinance to June 29 for final consideration and public comment.
Chair Supervisor Hillary Ronan and colleagues on the Board of Supervisors' Budget & Appropriations Committee on June 23 accepted amendments to an appropriation ordinance intended to advance recommendations from the Housing Stability Fund oversight board and continued the item to the committee's June 29 meeting.
Supervisor Dean Preston presented the package of substantive amendments to board file 211194, saying the changes would “deliver on the promise of providing permanently affordable social housing” funded through certificates of participation (COPs). Preston and the Budget Legislative Analyst described a $122,000,000…
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