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Committee backs up to $52.4 million loan for Sunnydale infrastructure
Summary
The Budget & Finance Committee advanced authorization for a MOHCD loan of up to $52.4 million to finance infrastructure work at Sunnydale Hope SF, which planners say will enable replacement public housing, new affordable units and open space; the committee asked MOHCD for a year‑end status update on state funding drawdowns.
The Budget & Finance Committee voted to forward a resolution authorizing the Mayor’s Office of Housing and Community Development to execute a loan for Sunnydale Phase 3 infrastructure not to exceed $52,400,000.
Jason Lu, policy director for community development at the HOPE SF initiative, said the funding would support site preparation on roughly 15 acres — grading, paving, joint trenching, underground utilities and pads for residential buildings — to enable the redevelopment of a 775‑unit public housing site into a mixed‑income…
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