fromMission Local
2 days agoS.F. supervisor says mayor's housing office 'lost' $5M for affordable housing
District 5 Supervisor Bilal Mahmood is calling for more transparency at the San Francisco Mayor's Office of Housing after he discovered that the department had "lost track" of about $5 million sitting in an account waiting to be used for an affordable housing project in the Tenderloin. The city approved a development project with 85 affordable housing units at 101 Hyde St., a former post office, in 2015. The city approved a development project with 85 affordable housing units at 101 Hyde St., a former post office, in 2015. The building has been in the city's possession for nearly as long: Shorenstein Properties bought the site in 2016 and gave it to the city that year in a deal to fulfill its affordability requirements for a separate project.
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