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Committee delays vote on MOHCD delegation to allow review of ground‑lease amendments
Summary
Committee members voiced concern about delegating authority for certain ground‑lease amendments to MOHCD without more transparency; MOHCD said changes would be narrowly scoped to align residual‑receipt rules and cited 14 properties seeking amendments. The committee continued the item to May 1 for staff to provide a breakdown of affected projects.
Supervisor Mirna Melgar and colleagues questioned a proposed ordinance that would delegate limited Board approval authority under Charter §9.118 and the administrative code to allow the city’s Mayor’s Office of Housing and Community Development (MOHCD) to execute narrowly defined ground‑lease amendments for 100% affordable housing projects.
Jackie Tso, director of asset management at MOHCD, said the delegation would apply only to amendments that align ground leases and loan agreements with MOHCD’s current residual‑receipts policy (adopted April 1, 2016), which directs two‑thirds of residual receipts to…
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