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Committee forwards big housing and homelessness package: Compass amendments, Transbay financing and Mercy Housing project
Summary
The Budget & Finance Committee advanced several major housing and homelessness actions to the full Board, including Compass Family Services grant amendments (Family Housing Ladder and Flexible Subsidy Pool), a $41M AUSIC award for Transbay Block 2 East, and approval to finance a 145-unit permanent supportive housing project at 1633 Valencia (Mercy Housing). Committee discussion focused on performance monitoring, program design, and funding sources.
The Budget & Finance Committee on May 1 forwarded a cluster of major housing and homelessness items to the full Board, including grant amendments for Compass Family Services, an AUSIC award for Transbay Block 2 East, and financing and local operating subsidy support for a Mercy Housing senior permanent supportive housing project at 1633 Valencia.
Compass Family Services: The Committee advanced two related HSH amendments for Compass. Item 5 extends and increases the Family Housing Ladder agreement by about $7 million to a not-to-exceed $13.1 million total (Prop C funds) to operate a scattered-site program serving up to 70 families annually. Item 6 increases the Flexible Housing Subsidy Pool agreement by about $20.18 million to a…
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