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Resolution Authorizing Sale of $150M San Francisco Health and Recovery General Obligation Bonds for 453 Supportive Housing Units and Health Facilities

  • When: 2025/07/15
  • Address: Citywide, San Francisco, CA
  • City: San Francisco
  • State: CA
  • Category: Affordable Housing
  • Subcategory: Supportive Housing
  • Asset Class: Specialized Housing
  • Property Type: Supportive Housing
  • Size (Units): 453 Units
  • Size (Dollars): $150,000,000

This resolution authorizes the City and County of San Francisco to issue and sell up to $150,000,000 in General Obligation Bonds, Series 2025G, under the 2020 Health and Recovery Bond program. The bond proceeds are primarily allocated to fund permanent investments in supportive housing facilities and health facilities across the city. Specifically, $99,948,842 is earmarked for housing projects, including the rehabilitation and acquisition of facilities to create 453 permanent supportive housing units, and $43,082,530 for public health initiatives such as the Treasure Island Behavioral Health Center and the Health, Recovery and Connection Center. The total debt service for these bonds is estimated at $246 million over an anticipated 20-year term, to be repaid by special property taxes. The bond sale is consistent with the city’s debt policies, and the debt ratio is projected to increase from 0.80% to 0.84% of the net assessed valuation, remaining well within the 3.00% legal limit.

Source

Applicant - City and County of San Francisco


Daniel Lurie

Ownership - City and County of San Francisco


Greg Wagner

City Representative - Adam Thongsavat