Ordinance appropriating $202,004,550 of General Obligation (GO) Bond proceeds to the Mayor’s Office of Housing and Community Development (MOHCD), including: $107,540,000 of proceeds from Series 2026D Affordable Housing GO Bonds for middle income and senior housing projects; $47,000,000 of proceeds from Series 2026E Affordable Housing GO Bonds for low-income housing projects; and $47,464,550 from Series 2026F Preservation and Seismic Safety GO Bonds to acquire, improve and rehabilitate and to convert at-risk multi-unit residential buildings to permanent affordable housing in Fiscal Year (FY) 2026-2027; and placing these funds on Controller’s Reserve pending the receipt of the bond proceeds.
Official agenda text
Ordinance appropriating $202,004,550 of General Obligation (GO) Bond proceeds to the Mayor’s Office of Housing and Community Development (MOHCD), including: $107,540,000 of proceeds from Series 2026D Affordable Housing GO Bonds for middle income and senior housing projects; $47,000,000 of proceeds from Series 2026E Affordable Housing GO Bonds for low-income housing projects; and $47,464,550 from Series 2026F Preservation and Seismic Safety GO Bonds to acquire, improve and rehabilitate and to convert at-risk multi-unit residential buildings to permanent affordable housing in Fiscal Year (FY) 2026-2027; and placing these funds on Controller’s Reserve pending the receipt of the bond proceeds.
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Decision update
Passed
The item “Ordinance appropriating $202,004,550 of General Obligation (GO) Bond proceeds to the Mayor’s Office of Housing and Community Development (MOHCD), including: $107,540,000 of proceeds from Series 2026D Affordable Housing GO Bonds for middle income and senior housing projects; $47,000,000 of proceeds from Series 2026E Affordable Housing GO Bonds for low-income housing projects; and $47,464,550 from Series 2026F Preservation and Seismic Safety GO Bonds to acquire, improve and rehabilitate and to convert at-risk multi-unit residential buildings to permanent affordable housing in Fiscal Year (FY) 2026-2027; and placing these funds on Controller’s Reserve pending the receipt of the bond proceeds” passed.
Decided Sep 22, 2026.