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Supervisors probe missing SoMa impact fees after ABAG withdrawal; MOHCD outlines projects once funds return
Summary
A city committee heard that funds withdrawn without city authorization from an ABAG-held account are being returned after ABAG action; city planning, MOHCD and the SoMa CAC described priority infrastructure and stabilization projects and a plan to speed fund disbursement.
The committee held a hearing on Feb. 25 into discovery that nearly $925,166 in infrastructure funds for South of Market, including about $371,174 tied to Rincon Hill, had been withdrawn from an ABAG Finance Authority account without city authorization and subsequently reported as missing.
Supervisor Jane Kim (record identifies the sponsor) reviewed the chronology: MOHCD discovered the…
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