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Mayor and Supervisor Cohen push Retirement Board to invest in expanded down‑payment assistance
Summary
Mayor and Supervisor Malia Cohen announced a proposal for the city—s retirement board to consider investing up to $125 million over 10 years to expand the city—s down‑payment assistance and reach middle‑income households, with officials saying the Mayor—s Office of Housing would expand eligibility ranges and cited a low foreclosure rate on existing loans.
Mayor Lee and Supervisor Malia Cohen announced a proposal to have the City—s Retirement Board consider investing up to $125 million over the next ten years in the city—s down‑payment loan assistance program. The objective is to expand eligibility to middle‑income households and scale up assistance to many more families.
Supervisor Cohen, who serves on the…
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