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Committee advances first tranche of 2019 GO bond funding for geographically distributed affordable-housing projects
Summary
The committee advanced MOHCD’s request to appropriate the first tranche of 2019 GO bond proceeds, emphasizing geographic distribution across districts and requesting future unit counts and allocation reporting; supervisors urged a mechanism to track funds and units by neighborhood.
The Budget and Finance Committee advanced a package to appropriate the first tranche of 2019 general obligation (GO) bond proceeds for affordable housing preservation and other capital projects. Lydia Eli of the Mayor’s Office of Housing and Community Development (MOHCD) described the project list and said the 2019 bond's first tranche proposes projects in eight of 11 districts to improve geographic distribution compared with the 2015 bond.
MOHCD staff said many projects remain at early stages and that an RFQ to identify developer teams will be issued soon. Supervisors pressed staff for a clearer accounting of how many housing units each project is expected to yield and how much bond funding is allocated per site. Chair Sandra Lee Feuer requested a reporting mechanism—periodic allocation and unit-count reports—to allow supervisors and the public to track where voter-approved bond funds go geographically.
Nick Menard (BLA) noted the first tranche is expected to fund projects across the city and recommended approval. Chair Feuer moved the item to the full Board with a positive recommendation and the committee approved the motion by roll call.
