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Committee backs $2.7 million SoMA subsidy for 49 deep-affordability units at 333 Harrison
Summary
The committee recommended the Mayor's Office of Housing expend approximately $2.7 million from the SoMA Community Stabilization Fund to support 49 on-site rental units at 30% AMI at 333 Harrison Street, subject to developer commitments on local hiring, deposits to a community credit union and quarterly reporting to the SoMA CAC.
The Budget and Finance Committee recommended that the Board of Supervisors approve a resolution authorizing the Mayor’s Office of Housing to expend approximately $2,762,000 from the SoMA Community Stabilization Fund to subsidize on-site affordable rental housing for a developer-led project at 333 Harrison Street.
Claudine Bridal Rosario, presenting for the Mayor’s Office of Housing, said the proposal would support 49 rental units targeting households at 30% of area median…
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