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Committee advances HOPE SF master plans for Potrero and Sunnydale, endorses 1-for-1 replacement and services
Summary
The committee recommended approval of development and master development agreements for HOPE SF’s Potrero and Sunnydale projects, endorsing principles of 1-for-1 replacement, no involuntary displacement, integrated services, local hiring goals and a long-term financing plan that mixes federal subsidies, tax credits, market-rate cross-subsidies and city subsidies.
The Budget & Finance Committee on Jan. 11 recommended forwarding development agreements and master development agreements for HOPE SF projects (Potrero and Sunnydale) aimed at long-term transformation of public-housing sites.
Supervisor Cohen introduced the items and emphasized the projects’ goals to rebuild public housing into mixed-income communities without displacement. Theo Miller (Mayor’s…
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