This ordinance aims to create a Housing Preservation Program to finance the purchase of multifamily residential properties, ensuring they remain affordable housing. It also sets requirements for borrowers regarding eviction procedures and gives the Mayor’s Office of Housing and Community Development the authority to manage loans and monitor these properties.
Ordinance amending the Administrative Code to establish the Housing Preservation Program and amend the Affordable Housing Production and Preservation Fund to finance the acquisition of multifamily residential properties for the purpose of preserving such properties as permanent affordable housing; requiring borrowers under the Program to comply with certain procedures prior to eviction; authorizing the Mayor’s Office of Housing and Community Development (“MOHCD”) to establish policies and procedures to issue loans and/or grants from the Fund; and requiring MOHCD to provide oversight and monitoring of such properties, and reports to the Board of Supervisors.
How it got here
The legislation to establish the Housing Preservation Program originated from the need to enhance affordable housing options in San Francisco.
The Board of Supervisors introduced an ordinance to amend the Administrative Code to establish the Housing Preservation Program and amend the Affordable Housing Production and Preservation Fund.
The ordinance was assigned to the Board President under the 30-day rule for further action.
Supervisor Peskin requested to be added as a co-sponsor of the ordinance authored by Supervisor Chan.
The Clerk of the Board confirmed that the ordinance remains active for further consideration.
The ordinance continued to be marked as active by the Clerk of the Board.
The ordinance was again confirmed to remain active by the Clerk of the Board.
The Clerk of the Board noted that the ordinance remains active.
The ordinance continued to be marked as active by the Clerk of the Board.
Reconstructed from attached documents & the official record