Supervisors Recommend Subordination to Let HealthRight 360 Close on New Mission Street Clinic; Budget Risks Noted
The Budget & Finance Committee recommended forwarding a resolution to subordinate two city seismic loans to allow a nonprofit lender's $8.5 million construction loan for HealthRight 360's new headquarters and clinic at 1563 Mission Street, while supervisors pressed officials on repayment risks and tighter oversight.
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The Budget and Finance Committee on Feb. 10 recommended forwarding a resolution that would subordinate two existing city seismic-and-safety loans so HealthRight 360 can close on an $8.5 million nonprofit finance fund construction loan for a new headquarters and clinic at 1563 Mission Street.
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