By Tim Redmond : 48hills – excerpt (includes infograph)
Mayor’s Office has no clue where to find the money, and won’t even spend the existing Prop. I windfall right now. It’s ‘unbelievable’.
If San Francisco wants to meet its state-mandated affordable housing goals, the city will need to find roughly $19 billion of local money over the next eight years—and nobody at the Mayor’s Office or the City Planning Department has any idea where that kind of money will come from.
In fact, officials from those departments can’t even explain what the current funding gaps are, or have been in the past three years…
Preston asked if the Mayor’s Office of Housing or the Planning Department had requested that Breed spend the Prop. I money on housing. The clear answer: No.…(more)
Is this Mayor’s Office of Housing where the holdup lies? Must she wait to be asked by on of her departments to spend the funds?
When the SF Bank is established will the officers be empowered to write checks for projects approved by the Supervisors or will they have to wait for the Mayor or one of her departments to approve their financial decisions?