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Budget committee delays vote on bond appropriations; asks MOHCD for neighborhood-level spending chart
Summary
Committee continued an ordinance appropriating three bond issuances (totaling roughly $489.5M) to allow the Mayor’s Office of Housing and Community Development to provide neighborhood-level spending data and address geographic equity concerns. The committee voted 3-0 to continue the item.
The Budget & Finance Committee on Oct. 28 continued an ordinance that would appropriate proceeds from three general obligation bond issuances — a 2016 public health and safety bond (up to $126,900,000), the first issuance of the 2019 affordable housing bond (up to $260,000,000) and a preservation and seismic-safety affordable housing issuance (up to $102,600,000) — and place the funds on the Controller’s reserve pending sale transactions.
Marissa Peritelli of the Office of Public Finance told the committee the sale resolutions…
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