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Committee advances Housing Innovation Program amendments, continues final action to July 11
Summary
The Land Use & Transportation Committee heard an ordinance to create a Housing Innovation Program that would provide loans and technical assistance to low- and moderate-income homeowners. After amendments were read into the record and public commenters urged greater funding and safeguards, the committee amended and continued the measure to July 11 with a positive recommendation.
Chair Mirna Malgar introduced an ordinance to create a Housing Innovation Program aimed at developing, financing and supporting housing opportunities for low- and moderate-income residents. During the committee meeting on June 13, she read a set of substantive amendments into the record, including a clarified definition of “property owner,” a five‑year ownership look‑back for eligibility, and repayment deferral rules for new units.
The amendments also add a provision requiring borrowers to accept referrals of households with rental subsidies from the San Francisco Housing Authority or the Department of…
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