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Committee backs MOHCD resolutions to pursue bond financing for three affordable housing projects
Summary
The committee recommended moving three MOHCD resolutions to the full Board: conduit bond financing applications for 185 Maryland Street (275 units, 55 units at ≤50% AMI), Ocean Beach Apartments rehabilitation (85 units, 100% ≤60% AMI), and South Park scatter‑site rehabilitation (107 units, 100% ≤60% AMI); relocation plans and affordability percentages were discussed.
The Budget & Finance Committee recommended three housing‑related resolutions to the full Board of Supervisors, allowing the mayor’s office of housing and community development to pursue conduit bond financing and necessary CDLAC applications for separate projects.
Omar Cortez (MOHCD) described the three actions: 185 Maryland Street (a 275‑unit mixed‑income project on…
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