Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Committee advances affordable housing bond process after hours of testimony; items continued for amendments
Summary
The Budget & Finance Committee opened extensive public comment and discussion on a proposed affordable housing general obligation bond (initially $500 million, participants discussed a $600 million figure), emphasizing preservation, senior and extremely low‑income units, and geographic balance; the committee continued the items to the next budget meeting (June 13) to finalize amendments.
The Budget & Finance Committee on June 6 heard an extended public record and staff presentations on a proposed affordable housing general obligation bond that the Mayor's Office and BLA described as up to $500 million (with discussion of an additional $100 million made available for a possible $600 million total).
Dan Goncher, Budget and Legislative Analyst, summarized Files 19‑0501/19‑0495 and laid out the proposed uses and repayment estimates: $150 million for public housing rehabilitation, $210 million for low‑income housing (up to 80% AMI), $30 million for preservation (for households at 30–120% AMI), $20 million for middle‑income housing opportunities, and $90 million for senior…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
