Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Homelessness Funding topic
No spam. Unsubscribe anytime.
Committee forwards Homekey and homelessness‑prevention funding, continues Folsom property items
Summary
The committee forwarded HSH’s Homekey grant acceptance for 685 Ellis Street (~$18.2M with $4.1M local match) and a Mission Neighborhood Centers grant amendment (adding ~$13.1M for a total ~$20.6M) and continued two Folsom property items to the call of the chair for further contractor work.
The Budget and Finance Committee considered multiple homelessness‑related items on Oct. 9 and took mixed actions: it continued two property items, and it forwarded two grant‑related resolutions to the full Board.
Items 8 and 9, concerning property management and a ground lease for city‑owned property at 1174–1178 Folsom Street (to be operated as permanent supportive housing), were continued to the call of the chair so HSH could finalize contractor details.
On item 10, HSH requested authority to accept and expend approximately $18.2 million in Project Homekey funds to offset the city's earlier purchase of 685 Ellis Street. Emily Cohen of HSH said nearly $16 million of the award is capital and about $2.4 million is for operations; HSH will commit roughly $4.1 million in matching capital and at least 15 years of operating subsidy. "This was a program that started coming out of the COVID response... Project Homekey came later as an opportunity to convert existing buildings into long term housing for people leaving homelessness," Cohen told the committee. BLA noted the grant would offset roughly 75% of the $19.9 million purchase price but cautioned that rehab costs could exceed initial estimates.
On item 11, HSH presented a first amendment to a grant agreement with Mission Neighborhood Centers to extend the contract through June 30, 2028, increase funding by about $13.1 million for a new total not‑to‑exceed of approximately $20.6 million, and add $1.2 million in one‑time FY24‑25 funds for PSH tenants behind on rent. Dylan Schneider (HSH) said the amendment supports at least 225 clients through June 2026 (dropping to about 120 in later fiscal years under current Prop C projections); HSH reported the program prevented homelessness for 364 households last fiscal year with an average assistance amount near $5,800.
Public commenters from Mission Neighborhood Centers described program services and urged continued funding. The committee moved both items 10 and 11 to the full Board with positive recommendations; items 8 and 9 were continued.
