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Committee backs $20 million AHSC grant for Treasure Island affordable housing and transit improvements

San Francisco Board of Supervisors Budget and Finance Committee · May 6, 2020

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Summary

The committee approved forwarding a $20 million Affordable Housing and Sustainable Communities (AHSC) award from HCD to the full Board, allocating roughly $13.75 million to Mercy Housing for a 138‑unit 100% affordable project on Treasure Island and funding transportation and bike/ped improvements.

Bob Beck of the Treasure Island Development Authority (TIDA) briefed the committee on a $20,000,000 award from the California Department of Housing and Community Development’s AHSC program. Under the proposed standard agreement, approximately $13,750,000 would go to Mercy Housing to support a 138‑unit,…

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