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Board approves shelter lease, grant amendments and Sunnydale housing financing
Summary
On April 15 the board adopted multiple housing and shelter measures, including a lease for 102 temporary shelter units at the Monarch Hotel, grant amendments extending and increasing funding for supportive housing programs, and authorization for Sunnydale multifamily housing revenue notes and bonds to finance two Hope SF developments.
The San Francisco Board of Supervisors on April 15 approved a package of housing, shelter and financing actions the mayor's office and housing agencies say will support emergency shelter capacity and multi-family affordable development.
The board adopted a resolution (item 11) retroactively authorizing the Department of Homelessness and Supportive Housing to lease the Monarch Hotel (1015 Geary Street) as a non-congregate temporary shelter with 102 units for a one-year term (04/01/2025—03/31/2026) at an annual base rent of $1,600,000 plus an estimated $100,000 final payment upon surrender of the property.
The board also approved grant amendments (items 13—15) that extend and increase funds for several supportive housing operators: Abode Services (adult rapid rehousing) received a first amendment increasing the agreement by $8,500,000 to a total of $18,400,000 with term extended to 06/30/2027; Episcopal Community Services (Henry Hotel) received a fourth amendment increasing funding by approximately $5,800,000 to a total of $20,400,000 through 06/30/2027; and 5 Keys Schools & Programs received a second amendment adding $4,900,000 to bring the Artmar Hotel supportive housing contract to $13,900,000 with term extended to 06/30/2027.
On housing finance, the board approved resolutions authorizing multifamily housing revenue notes and bonds to finance Sunnydale Hope SF projects. Item 19 authorized execution and delivery of multifamily housing revenue notes in an aggregate principal amount of $53,300,000 to finance an 89-unit rental project (65 Santos Street, Sunnydale Hope SF Block 7). Item 20 authorized issuance of multifamily housing revenue bonds of approximately $57,000,000 to finance a 95-unit rental project at 1652 Sunnydale Avenue (Sunnydale Hope SF Block 9). The board also approved loan agreements (items 21 and 22) for the respective Sunnydale partnerships (Block 7 loan amount $18,000,000; Block 9 loan amount $30,200,000).
These actions were taken as part of the board's consent and regular agendas; the votes were taken on the clerk's roll calls and adopted without objection when presented for same-house/same-call consideration.
Advocates in public comment raised broader budget and program concerns, including appeals for restored Dreamkeeper funding and greater transparency in grant allocations, but the formal votes on the shelter lease, grant amendments and Sunnydale financing proceeded as noticed.
