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Committee backs MOHCD loan package to refinance and rehabilitate 15 META small‑sites
Summary
The committee voted unanimously to forward a request by the mayor's office of housing to consolidate and refinance existing Small Sites Program loans and provide up to $6.24M in new SSP funding plus a $13M first‑position loan from Bank of San Francisco to support rehabilitation and long‑term stabilization of 15 META properties totaling 89 units.
The Budget & Finance Committee voted to forward a financing package to refinance and stabilize 15 small‑site properties owned by the Mission Economic Development Agency (META). MOHCD described the proposal to consolidate approximately $31.58 million in existing Small Sites Program (SSP)…
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