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Mayor—s housing office outlines 11,000‑unit pipeline, $4M for senior operating subsidies and small‑sites initiative; supervisors press for clearer leverage and速
Summary
MOHCD detailed an 11,000‑unit affordable housing pipeline across Mission Bay, Transbay and Hunters Point Shipyard, said capital timing and one‑time funds explain year‑to‑year budget swings, and proposed a $4 million senior operating subsidy to preserve deep affordability (estimated ~28 deeply subsidized units over 15 years); supervisors sought clarity on uncommitted capital and small‑sites deployment.
The Mayor—s Office of Housing & Community Development presented its two‑year budget and pipeline to the committee, emphasizing an active portfolio of roughly 11,000 affordable units across redevelopment project areas and recent completions of ~2,600 units. Director Eric Shaw and Deputy Director Benjamin McCloskey described how FY22 budget levels reflect one‑time federal and locally‑advanced funds while FY23 and FY24 headcount and capital spending shift as projects move across predevelopment, construction and closing milestones.
MOHCD spelled out a $4,000,000 allocation…
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