The resolution authorizes the Department of Homelessness and Supportive Housing to purchase a property at 5630-5638 Mission Street for $17.34 million to support housing initiatives. It also allows the department to apply for state funding to help with this acquisition.
Resolution 1) approving and authorizing the Director of Property, on behalf of the Department of Homelessness and Supportive Housing (“HSH”), to acquire certain property located at 5630-5638 Mission Street (“Property”); 2) approving and authorizing HSH, on behalf of the City, to apply to the California Department of Housing and Community Development (“HCD”) for its 2021 Homekey Grant Program (“Project Homekey”) to purchase the Property; 3) approving and authorizing an Agreement of Purchase and Sale for Real Estate for the acquisition of the Property, for $17,000,000 plus an estimated $340,000 for typical closing costs for a total amount of $17,340,000 from Jamna Investments, LLC (“Purchase Agreement”); 4) authorizing the Director of Property to execute the Purchase Agreement, make certain modifications, and take certain actions in furtherance of this Resolution and the Purchase Agreement, as defined herein; 5) affirming the Planning Department’s determination under the California Environmental Quality Act; and 6) adopting the Planning Department’s findings that the Purchase Agreement, and the transaction contemplated therein, is consistent with the General Plan, and the eight priority policies of Planning Code, Section 101.1.
How it got here
The legislation originated from the City’s ongoing efforts to combat homelessness by acquiring properties for supportive housing.
The Board declared a shelter crisis and affirmed the commitment to combat homelessness, prompting the need for more supportive housing options.
Voters approved Proposition C, establishing a Gross Receipts Tax to fund homelessness services, which supports the acquisition of properties for supportive housing.
The Mayor announced a plan to acquire and operate 1,500 new units of Permanent Supportive Housing over two years, leading to the identification of properties like the Mission Inn.
The Planning Department found the proposed acquisition consistent with the General Plan and affirmed it was not defined as a project under CEQA, allowing the process to move forward.
The Budget and Finance Committee recommended the resolution to acquire the property at 5630-5638 Mission Street for $17,340,000.
The Board adopted the resolution authorizing the acquisition of the property, which will be converted into Permanent Supportive Housing.
The Mayor approved the resolution, finalizing the authorization for the Department of Homelessness and Supportive Housing to proceed with the acquisition.
Reconstructed from attached documents & the official record