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Board committee advances financing package for 256‑unit supportive housing and a homeless services center on Mission Street
Summary
The committee recommended to the full Board a package of financing and land‑use approvals for a 256‑unit permanent supportive housing development at 1064–1068 Mission St and a city‑owned homeless services center, including MOHCD loans, tax‑exempt bonds and certificates of participation. Project aims to open by Nov. 2021 per federal requirements.
The Budget & Finance Committee recommended to the Board a multi‑part financing package to advance a 256‑unit permanent supportive housing project and a co‑located, city‑owned 20,000‑square‑foot homeless services center at 1064–1068 Mission Street.
Anne Romero of the Mayor’s Office of Housing and Community Development (MOHCD) said the development team (Episcopal Community Services and Mercy Housing California) plans modular construction on a federally prioritized surplus site that MOHCD acquired for the project and noted a hard federal completion requirement: the project…
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