This resolution allows the Mayor’s Office of Housing and Community Development to apply for a grant of up to $5 million to support the development of affordable housing in San Francisco. The funding comes from the California Department of Housing and Community Development’s Local Housing Trust Fund Program.
Resolution authorizing the Mayor’s Office of Housing and Community Development on behalf of the City and County of San Francisco to execute and submit a grant application for a grant to fund affordable housing development under the California Department of Housing and Community Development’s Local Housing Trust Fund Program, for an amount not to exceed $5,000,000.
How it got here
This legislation originated from the need to secure funding for affordable housing development in San Francisco through a state grant program.
The California Department of Housing and Community Development issued a Notice of Funding Availability for approximately $53 million under the Local Housing Trust Fund Program, which includes matching grants for local housing trust funds.
The Mayor's Office of Housing and Community Development began preparing an application to secure funding for affordable housing development under the Local Housing Trust Fund Program.
The Budget and Finance Committee recommended the resolution to authorize the Mayor’s Office of Housing and Community Development to submit the grant application.
The Board of Supervisors adopted the resolution authorizing the Mayor’s Office of Housing and Community Development to execute and submit the grant application for an amount not to exceed $5,000,000.
The Mayor approved the resolution, allowing the Mayor’s Office of Housing and Community Development to proceed with the grant application.
Reconstructed from attached documents & the official record
