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Committee advances financing approvals for 88 Broadway and 735 Davis housing projects amid questions about past loan practices
Summary
The committee forwarded approvals for bond and loan financing for two adjacent affordable housing projects (88 Broadway, 125 units; 735 Davis, 73 units) while several supervisors pressed MOHCD on historical loan approvals and whether city policy had bypassed Board review as required by Charter §9.118.
The Finance Committee forwarded to the full Board a package of actions to authorize conduit bond issuances and MOHCD loans to finance two adjacent affordable housing developments: 88 Broadway (approximately 125 mixed‑use units) and 735 Davis (about 73 senior units). Faith Kirkpatrick (senior project manager, Mayor’s Office of Housing and Community Development, MOHCD) said both projects are joint ventures between Bridge Housing and the John Stewart Company and seek long-term low‑interest MOHCD loans to subsidize construction and…
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