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Supervisor Peskin proposes moving $175 million in housing funds to Board appropriation; MOHCD warns of delays
Summary
Supervisors debated an ordinance to move roughly $175 million in affordable‑housing impact and program funds from self‑appropriating category 8 to board‑appropriated category 4. Sponsor Supervisor Peskin said the change restores appropriation oversight; MOHCD staff said the change could delay projects that rely on quick fund substitutions to meet external deadlines.
Supervisor Aaron Peskin proposed an ordinance that would reclassify several housing funds so they require Board of Supervisors appropriation rather than remaining as category 8 self‑appropriating funds. Peskin said the change affects roughly $175,000,000 in this year’s budget and framed it as restoring a core legislative function: the power of the purse and high‑level policy oversight.
Peskin said the Board needs broader opportunity “to have a soup to nuts, high level understanding of where the policy is going” and to check performance, citing past instances where affordable housing units with Below‑Market‑Rate protections were lost. “This is a $175,000,000 in the current fiscal year that we should have some…
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