Committee advances plan for 136‑unit permanent supportive housing at 16th & Mission
The Budget & Finance Committee forwarded resolutions authorizing up to $60M in multifamily housing revenue bonds and related city loans and ground lease to finance a 136‑unit permanent supportive housing project at 2970 16th Street; sponsors described a layered financing package including No Place Like Home funds, tax‑credit equity and HUD vouchers, plus a behavioral‑health services space funded by a capitalized operating subsidy reserve.
The full story
The committee voted unanimously to forward two resolutions that would enable construction of a 136‑unit, 100% permanent supportive housing project at 2970 16th Street, adjacent to the 16th & Mission BART station.
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