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Committee approves MOHCD loans for two 100% affordable projects in Outer Sunset and Alamo Square

San Francisco Board of Supervisors Budget & Finance Committee · November 29, 2023

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Summary

The committee advanced $24M and $15M loan approvals to support acquisition and predevelopment for two 100% affordable projects: a 216‑unit senior project at 1234 Great Highway (TNDC/Self Help for the Elderly partnership) and a 95‑unit family project at 650 Divisadero (Jonathan Rose/Young Community Developers). Resolutions were amended to state the city's intent to acquire the land.

The Mayor's Office of Housing and Community Development (MOHCD) presented two NOFA‑funded loan requests to support acquisition and predevelopment for 100% affordable multifamily projects.

TNDC's affiliate sought up to $24M for acquisition and predevelopment of 1234 Great Highway, a proposed 216‑unit building…

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