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Committee backs purchase of 42 Otis St. to add 24 youth permanent supportive housing units
Summary
The committee voted unanimously Sept. 22 to forward a resolution authorizing acquisition of 42 Otis Street for up to $14.24 million (plus closing and relocation costs) to create 24 permanent supportive housing units for young adults; HSH said Homekey and Prop C funds are expected to cover much of the cost.
The Homelessness and Behavioral Health Select Committee voted Sept. 22 to send to the full Board a resolution that would authorize the city's director of property to acquire 42 Otis Street for use as permanent supportive housing for young adults.
Emily Cohen, deputy director at the Department of Homelessness and Supportive Housing (HSH), told the committee the acquisition price would not exceed $14,240,000 plus roughly $40,000 in typical closing costs and that the purchase agreement includes a liquidated-damage clause of up to $420,000 in case…
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