File #: 230972    Version: Name: General Obligation Bond Election - Affordable Housing - Not to Exceed $300,000,000
Type: Resolution Status: Passed
Introduced: 9/12/2023 In control: Clerk of the Board
On agenda: Final action: 11/16/2023
Enactment date: 11/16/2023 Enactment #: 528-23
Title: Resolution determining and declaring that the public interest and necessity demand the construction, development, acquisition, and/or rehabilitation of rental affordable housing projects, and related costs necessary or convenient for the foregoing purposes; to be financed through bonded indebtedness in an amount not to exceed $300,000,000, subject to independent citizen oversight and regular audits; authorizing landlords to pass-through 50% of the resulting property tax increase, if any, to residential tenants under Administrative Code, Chapter 37; providing for the levy and collection of taxes to pay both principal and interest on such bonds; affirming a determination under the California Environmental Quality Act; and finding that the proposed Bond is consistent with the General Plan, and with the eight priority policies of Planning Code, Section 101.1.
Sponsors: Mayor, Aaron Peskin, Connie Chan, Ahsha Safai, Rafael Mandelman, Hillary Ronen, Shamann Walton, Dean Preston, Catherine Stefani, Myrna Melgar, Joel Engardio
Attachments: 1. Leg Ver1, 2. Referral GO Bond CON 091523, 3. Referral GO Bond Mandated 091523, 4. Referral GO Bond PLN 091523, 5. GP Ref 092223, 6. CEQA Det 092223, 7. BLA Rpt 092723, 8. Cmte Pkt 092723, 9. CON Costing Ltr 101823, 10. BLA Rpt 102523, 11. Cmte Pkt 102523, 12. MOHCD - 2024 Affordable Housing GO Bond Report, 13. MOHCD Presentation 102523, 14. Leg Ver2, 15. BLA Rpt 110123, 16. Cmte Pkt 110123, 17. Public Correspondence, 18. Board Pkt 110723, 19. Leg Final, 20. Transmittal to Elections 112023
Related files: 230971
Legislation Details
 *NOTE: These reports are produced in HTML format and are accessible to screen readers.