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Title:
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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.
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