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File #: 181209    Version: 1 Name: Appropriation - Proceeds from Seismic Safety Retrofit and Affordable Housing Loan Program, Series 2019A - Mayor's Office of Housing and Community Development - $75,000,000 - FY2018-2019
Type: Ordinance Status: First Reading
Introduced: 12/11/2018 In control: Budget and Finance Committee
On agenda: Final action:
Enactment date: Enactment #:
Title: Ordinance appropriating $75,000,000 of proceeds from the Seismic Safety Retrofit and Affordable Housing Loan Program General Obligation Bond, Series 2019A, to the Mayor’s Office of Housing and Community Development to implement loan programs to acquire, improve and rehabilitate at-risk multi-unit residential buildings in need of seismic, fire, health or safety upgrades or other major rehabilitation, and convert those buildings to permanent affordable housing to prevent the loss of rental housing stock and the displacement of long-time residents of the City in FY2018-2019 and placing these funds on Controller’s Reserve pending sale of the bonds.
Sponsors: Mayor, Aaron Peskin
Attachments: 1. Leg Ver1, 2. BLA Report 011019, 3. Comm Pkt 011019
Legislation Details
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