Get Full Government Meeting Transcripts, Videos, & Alerts Forever!

Committee forwards financing for 143-unit affordable rental project at 1990 Folsom

San Francisco Board of Supervisors Budget and Finance Committee · January 30, 2019

AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.

Summary

The committee moved a bond-issuance resolution to the full Board to finance construction of 143 affordable rental units at 1990 Folsom (developers: TNDC and Mission Economic Development Agency) using conduit financing with no recourse to the city's general fund; the development team said financing is secured and construction will begin soon.

The Budget & Finance Committee forwarded to the full Board a resolution authorizing the issuance of multifamily housing revenue notes of up to approximately $62 million to finance a 143-unit affordable rental project at 1990 Folsom in the Mission.

Sarah Nasser, senior project manager at the Mayor's Office of…

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

See memberships

30-day money-back on paid plans