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Committee backs conduit bond financing for two Mercy Housing rehabilitation projects

Budget and Finance Committee, City and County of San Francisco · June 1, 2017

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Summary

The committee recommended Board approval of conduit residential mortgage revenue bonds for two Mercy Housing projects — 100-unit Dorothy Day Community (Tenderloin) and 92-unit Bridal Court (Visitacion Valley) — both deep-affordability rehabilitation projects with no permanent displacement guaranteed.

The Budget & Finance Committee voted to forward two bond‑related resolutions to the full Board that would allow conduit residential mortgage revenue bonds to finance rehabilitation of two affordable housing properties sponsored by Mercy Housing California.

Adam Cray, bond program manager in the…

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