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Committee recommends delegation for certain affordable‑housing lease amendments
Summary
The committee voted Oct. 2 to send to the full Board an ordinance delegating limited authority to MOHCD and the Real Estate Division to approve specified ground‑lease amendments for 100% affordable projects, with guardrails added after committee edits to ensure no material changes to lease duration or city obligations.
The Land Use and Transportation Committee voted to forward an ordinance that would delegate narrow authority to city staff — the Real Estate Division and the Mayor’s Office of Housing and Community Development (MOHCD) director — to approve specified amendments to a set of ground leases for 100% affordable housing projects.
Jackie Tso, Director of Asset Management at MOHCD, said the delegation is designed to streamline amendments that align older ground leases…
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