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Committee backs exchange of 1950 Mission Street to build affordable housing, city to pay $2.675 million to SFUSD
Summary
The Budget & Finance Committee approved a negotiated exchange that would transfer 1950 Mission Street (former Phoenix High School) to the city for affordable housing development in return for Parcel E and related lots going to the San Francisco Unified School District and a $2,675,000 equalization payment from the Mayor's Office of Housing.
The Budget & Finance Committee approved a resolution authorizing an exchange of city-owned Parcel E and two small triangular lots for fee ownership of 1950 Mission Street from the San Francisco Unified School District and a negotiated cash equalization payment of $2,675,000 from the Mayor's Office of Housing and Community Development.
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