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Budget committee forwards multiple bond and budget measures, including major affordable-housing inducements and PUC bond packages
Summary
The Board's Budget & Finance Committee on May 25 forwarded a slate of bond inducement applications and budget recommendations: CDLAC applications for several affordable-housing projects, SFMTA revenue bonds for transit vehicles and BRT, and SFPUC bond packages funding water, power and wastewater capital programs. Committee required SFPUC report back on bond sales.
The San Francisco Board of Supervisors' Budget & Finance Committee on Wednesday forwarded a series of budget and bond measures to the full Board, including several inducement resolutions for affordable-housing projects and multi-hundred-million-dollar revenue-bond packages for transit and utilities.
Staff presented inducement and ground-lease items authorizing applications to the California Debt Limit Allocation Committee (CDLAC) for projects including 455 Fell (a 100% affordable family housing project), a Mission-area family housing project at 2060/2070 Folsom, Fifth & Howard, and 1601 Mariposa. The clerk read item-language setting CDLAC application caps; for example the item read "not to exceed $50,000,000" for 455 Fell, while the project manager (MOHCD) later described an application…
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