Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Housing topic
No spam. Unsubscribe anytime.
Budget committee places $5 million HOPE SF deposit on reserve, asks for more detail
Summary
The Board—s Budget & Finance Committee voted to reserve a $5 million HOPE SF seed contribution and send related budget items to the full board, while asking the mayor—s housing office for more project-level details and protections against resident displacement.
The Budget and Finance Committee of the San Francisco Board of Supervisors on June 25 voted to place a $5,000,000 deposit for the mayor—s HOPE SF public-housing revitalization fund on reserve and sent related budget items to the full board with recommendation.
Doug Shoemaker of the Mayor—s Office of Housing told the committee the $5 million is intended to leverage roughly $95 million in capital — principally through property, transfer and construction-related tax streams and certificates of participation — to rebuild about 800 to 900 of the city—s most distressed public-housing units. Shoemaker said the package also includes a $4,000,000 immediate repair allocation to get vacant units back into service in the near term.
"We would look for an annual property tax and an amount equal to the property tax and transfer tax and construction related taxes from the redevelopment of those parcels," Shoemaker said, explaining how the local revenues would support capital financing.
Several supervisors pressed the administration on displacement risk and on how many original public-housing households would return. Shoemaker said the HOPE SF task force and city documents commit to one-for-one replacement of public-housing units and to on-site relocation strategies when feasible, while acknowledging that some households may choose not to return. "We have replaced the public housing on all the HOPE VI—s that we've done in the past with a mix of additional low-income rental on top of it," Shoemaker said.
Public commenters were skeptical. Espinola Jackson, a Bayview-Hunters Point resident, said past large-scale redevelopments left many original residents unable to return: "The people that lived in those developments, 70% of them did not come back." Her remarks helped frame supervisors— demand for more explicit project-level safeguards.
Procedurally, Supervisor Ellsberg moved to place the $5 million on reserve; Supervisor Mercarimi seconded. The committee approved the reserve and, without objection, forwarded items 8, 9 and 10 to the full Board of Supervisors with recommendation.
What happens next: The items will be heard by the full Board; the committee directed the mayor—s office and the budget analyst to provide more detailed project-level financing and a plan for immediate repairs and safeguards tied to displacement and relocation.
Provenance: This article is drawn from the committee—s discussion and motions beginning when items 8—10 were read (clerk reading: SEG 1095) through the committee motion and forwarding action (SEG 1612—1619).
