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Committee forwards six housing‑bond resolutions and CDLAC applications to full Board
Summary
The Budget and Finance Committee unanimously forwarded six mortgage‑revenue bond and related resolutions to the full Board as committee reports, including conduit financings for rehabilitation and new construction projects (Eastern Park Apartments; 4840 Mission; Balboa Park Upper Yard; 681 Florida; Coleridge Park Homes). Several presenters warned that missing CDLAC deadlines could cost the city millions in subsidy.
The San Francisco Budget and Finance Committee on Nov. 18 recommended forwarding six housing bond and financing resolutions to the full Board as committee reports.
Amy Chan and Christina Moon from the Mayor’s Office of Housing and Community Development presented the items. Presenters said the proposed issuances would be conduit financings that would not require the city to pledge its general funds for repayment. Amy Chan described the Eastern Park Apartments plan (202 units…
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