Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Committee approves $500,000 SoMa stabilization allocations with amendments to protect city interests
Summary
The committee approved $500,000 from the SoMa Community Stabilization Fund — $400,000 to help United Players purchase 1038 Howard Street and $100,000 for West Bay Pilipino’s college-prep program — with amendments limiting city liability for private loans and requiring reimbursement or proportional appreciation on resale.
The Budget & Finance Committee on Dec. 10 voted to recommend that the Board of Supervisors allocate $500,000 from the South of Market (SoMa) Community Stabilization Fund, subject to amendments that protect the city’s financial interest.
Claudine Del Rosario (Mayor’s Office of Housing and Community Development) presented the funding package: $400,000 as a down payment to assist United Players (UP) in acquiring 1038 Howard Street and $100,000 for West Bay Pilipino Multi-Service to deliver culturally sensitive college-preparatory services to SoMa youth. She said the…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
