This resolution approves a grant agreement for nearly $3.8 million to support a 106-unit affordable housing project aimed at extremely low-income households, starting in 2026 and lasting until 2043. It also gives city officials the authority to execute and implement the agreement.
Resolution retroactively approving and authorizing the Mayor and the Director of the Mayor’s Office of Housing and Community Development (“MOHCD”) to execute a grant agreement with MHDC South Park Properties, LP in an amount not to exceed $3,798,723 for a term of 16 years and six months commencing on July 1, 2026, through December 31, 2043, to provide project-based rental subsidies for a 106-unit 100% affordable housing project housing extremely low-income households as part of the Affordable Housing Opportunity Fund and Program; approving the form of and authorizing the execution of the grant agreement; and granting general authority to City officials to take actions necessary to implement this Resolution, as defined herein.
How it got here
This legislation originated from the need to provide project-based rental subsidies for a 106-unit affordable housing project in San Francisco, following the approval of Proposition G by voters in 2024.
Voters approved Proposition G, establishing the Affordable Housing Opportunity Fund (AHOF) to provide rental subsidies for extremely low-income households.
MOHCD issued a Notice of Funding Availability for the AHOF, inviting proposals for rental subsidies to support extremely low-income households.
The committee recommended approval of a grant to MHDC South Park Properties, LP for project-based rental subsidies for the South Park Scattered Sites project.
The Board received and assigned the resolution to approve the grant agreement for the South Park Scattered Sites project, which is pending committee action.
Reconstructed from attached documents & the official record
