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Committee backs $1.84 million in SoMa stabilization grants after five-year community process
Summary
Supervisors reviewed Citizens Advisory Committee recommendations to allocate $1,844,273 from the South of Market Community Stabilization Fund across 19 nonprofit awards and two city department projects; CAC chair and community groups urged the funding to mitigate displacement and support services.
Supervisor Daly presented the Citizens Advisory Committee's recommendations to allocate $1,844,273 from the South of Market (SoMa) Community Stabilization Fund to a package of 19 nonprofit grants and two city-department projects. Daly traced the fund's origin to a 2005 development agreement tied to Rincon Hill and outlined four strategic priorities that guided the CAC: strengthen community cohesion; support economic and workforce development; increase access to permanently affordable…
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