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Mayor, housing office and MOHCD highlight Oceanwide fee appropriation, housing trust growth and $30M in homelessness initiatives
Summary
The Mayor's Office of Housing and the mayor outlined a budget that uses Oceanwide Center fee revenue and the charter-mandated housing trust increase to support affordable housing and community grants, and the mayor announced a $30 million homelessness package including street medicine expansion.
Benjamin McCloskey of the Mayor's Office of Housing and Community Development told the committee that MOHCD's budget emphasizes affordable-housing loans and grants to community-based organizations; he said the Downtown Neighborhoods Preservation Fund (fees tied to development at 50 First Street, commonly known as the Oceanwide Center) yields roughly $40,000,000 in fee revenue, of which…
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