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Supervisors’ committee forwards $9.35 million operating subsidy for Arlington Hotel to full board
Summary
The committee heard staff and provider presentations and widespread public support for a 15-year Local Operating Subsidy Program grant of $9,354,007 to Mercy Housing to operate supportive housing at the Arlington Hotel; the committee referred the item to the full Board with a positive recommendation.
The Committee on Government Audit and Oversight on Aug. 1 heard a staff presentation and public testimony supporting a proposed 15-year Local Operating Subsidy Program (LOSP) grant of $9,354,007 to Mercy Housing California to operate formerly homeless single-adult housing at the Arlington Hotel.
Joan McNamara, senior project manager in the mayor's Office of Housing, told supervisors the LOSP helps fill an operating-cost gap for deeply affordable permanent supportive housing, which capital financing alone cannot cover. She said LOSP per-unit operating subsidies typically range from about $6,000 to $11,000 per unit per year, and that the city requires projects to demonstrate twenty-year cash flow to leverage tax credits and…
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