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Small Sites program reaches 100 units; supervisors call for more funding and broader geographic reach
Summary
MOHCD reported the Small Sites acquisition program has closed dozens of deals and reached 100+ units; staff and nonprofit partners described achievements and constraints — limited soft‑funding, sponsor capacity and closing timelines — and the committee continued the item for further discussion.
The committee held a status hearing on the Small Sites acquisition program, a MOHCD initiative that lends soft financing to nonprofit sponsors to acquire and rehabilitate tenant‑occupied buildings (generally 5–25 units) and preserve permanently affordable housing.
MOHCD officials said the program began in 2014 with a pilot allocation and has grown to $84 million in city investment, $60 million of which is committed to…
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