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Committee backs four AHSC joint applications for affordable housing projects
Summary
Supervisors voted to forward four resolutions authorizing the City to apply jointly for AHSC (cap-and-trade) funds for four affordable-housing projects (items 4—7). MOHCD described unit counts, set-asides for families and homeless families, and that each project may seek up to $50 million (housing loan plus transportation grant) under the program.
The Budget & Finance Committee voted to forward to the full Board four resolutions (items 4—7) authorizing the Mayor—s Office of Housing and Community Development to apply, on behalf of the City and as a joint applicant, for Affordable Housing & Sustainable Communities (AHSC) grants for four 100% affordable housing developments.
Sheila Nicholas, director of policy and legislative affairs for MOHCD, told the committee each project will apply as a joint applicant and that AHSC awards combine a housing loan (up to about $35 million) and a…
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