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Committee advances Panoramic Hotel acquisition for conversion to supportive housing after extensive public comment
Summary
The Budget & Finance Committee unanimously approved amendments and forwarded an $86.5M acquisition of the Panoramic Hotel (1321 Mission) to the full Board; the proposal would convert 160 units (including 43 family‑sized units) into permanent supportive housing and seek Homekey funding, prompting hundreds of public comments both supporting and opposing the project.
The committee on Oct. 6 voted to forward a resolution authorizing the acquisition of the Panoramic Hotel at 1321 Mission Street for $86.5 million to the full Board with a positive recommendation, after accepting non‑substantive amendments requested by the Department of Homelessness and Supportive Housing (HSH).
Chair Matt Haney described the acquisition as part of a larger city strategy to secure immediately available units and stressed the urgency of converting hotels into permanent supportive housing. “We have an unprecedented opportunity right now with Homekey dollars…to acquire a number of hotels and to make a dent in…
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