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Committee hears financing plan for Bayview Senior Housing project
Summary
The Budget and Finance Committee heard a resolution to issue a housing revenue note up to $28.5 million to finance construction of Bayview Senior Housing, a proposed affordable senior development targeting households at or below 50% of area median income; staff reported no direct fiscal impact to the city from conduit financing.
The San Francisco Board of Supervisors Budget and Finance Committee on Dec. 16 heard a resolution authorizing the issuance, sale and delivery of a housing revenue note in an amount not to exceed $28,500,000 to finance construction of Bayview Senior Housing, a proposed affordable multifamily senior rental development at 1751 Carroll Avenue.
Pam Sims, project manager in the Mayor’s Office of Housing and Community Development,…
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