The San Francisco Board of Supervisors approved a resolution to authorize the MOHCD to accept and expend a $41,162,574 award from the California Department of Housing and Community Development’s Affordable Housing and Sustainable Communities Program. This funding includes a $29 million loan for a 100% affordable housing project at 160 Freelon Street and a $12.162 million grant for public transportation improvements and transit-oriented developments around the site. The project will support affordable housing and public transit enhancements, furthering the city's sustainability and housing goals.
This grant and loan facilitate crucial affordable housing initiatives and transit improvements, enhancing community sustainability and accessibility while providing housing solutions for low-income residents.