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Committee advances 160‑unit 100% affordable project at 730 Stanyan, urges TAY drop‑in space
Summary
The Budget & Finance Committee forwarded a financing and ground‑lease package for a 160‑unit affordable development at 730 Stanyan to the full board and adopted a nonbinding amendment urging MOHCD to preserve a transitional‑age‑youth (TAY) drop‑in center for the ground floor amid procurement transparency questions from the budget office.
The committee heard presentations on Items 3 and 4, a proposed 160‑unit, 100% affordable development at 730 Stanyan (Haight Ashbury) with a financing package that includes tax credits, private loans and a proposed $69.5 million in city loans. Omar Mazari and Eric Shaw of the Mayor’s Office of Housing and Community Development described the project’s unit mix — studios through three‑bedroom units with income limits from 25% to 80% of area median income — and ground‑floor programming that originally included a childcare center, a food…
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