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Board approves Homekey Plus agreements to create and rehabilitate supportive housing at Van Ness and Turk Street
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Summary
Supervisors approved multiple Homekey Plus resolutions to acquire and rehabilitate properties for permanent supportive housing, including a roughly $39M award for 1035 Van Ness and loan/grant financing and ground lease terms for 835 Turk Street; items were adopted without objection.
The San Francisco Board of Supervisors adopted a bundle of resolutions Dec. 9 authorizing Homekey Plus awards and financing to create permanent supportive housing for veterans and other households.
Clerk described item 19 as authorizing the city and county, through the Department of Homelessness and Supportive Housing (HSH), to execute a standard agreement with the California Department of Housing and Community Development and co‑applicants for approximately $39,000,000 under the Homekey Plus program to acquire property at 1035 Van Ness Avenue and commit matching funds and operating subsidies. Item 20 authorizes a combined $11,000,000 loan and grant agreement with 1035 Vets LLC (an $8,000,000 loan plus a $3,000,000 grant across a 55‑year minimum term) to rehabilitate 1035 Van Ness into 124 permanent supportive units. Items 21–22 authorize awards and a ground lease for 835 Turk Street with combined HCD grant amounts and city matching funds described in the clerk's report (HCD grant/award amounts around $13.7M–$17.3M and the city committing up to $16.3M in matching funds and a 55‑year loan term for ground lease financing).
The clerk and President took the items the same house/same call and the resolutions were adopted without objection.
Why it matters: The actions authorize large capital commitments and long‑term operating subsidy commitments (up to 15 years in some descriptions) to convert identified properties into permanent supportive housing, targeted in part to veterans exiting homelessness. Implementation will rely on subsequent contract execution, close coordination with HSH, HCD, and the co‑applicant developers, and budget appropriations to support operating subsidies.
Next steps: Departments will complete loan and grant agreements, finalize rehabilitation contracts, and seek required budget appropriations for ongoing operating subsidies as indicated in the resolutions.