Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Committee advances four conduit housing bond measures totaling about $82.5 million; Vincentian Villa residents raise tenant concerns
Summary
The Budget & Finance Committee advanced four tax-exempt conduit bond matters—Hamlin School ($22M), Western Park Apartments ($30M), Bayview Senior Housing ($30M), and Vincentian Villa ($15.5M)—and heard Vincentian Villa residents question planned rehab spending and tenant protections.
The San Francisco Board of Supervisors Budget and Finance Committee on Sept. 25 advanced four separate measures that would permit issuance of tax-exempt conduit bonds to finance nonprofit and affordable housing projects across the city.
The measures before the committee would: allow a California Enterprise Development Authority issuance to refinance capital facilities at the Hamlin School (up to $22,000,000); authorize a $30,000,000 multifamily housing revenue note for Western Park Apartments (182 units in the Western Addition); approve an application for up to $30,000,000 in mortgage revenue bonds for the 121-unit Bayview Senior Housing project at 1751 Carroll Avenue; and seek a $15,500,000 bond allocation for acquisition and rehabilitation of Vincentian Villa at 1825 Mission Street. Chair Mark Farrell said the Hamlin School item was one he sponsored and moved it forward without opposition.
Why it matters: The four items would enable private-placement or mortgage-bond financing to support…
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
