SF Board approves $26.7M loan for affordable housing and childcare center at 78 Haight

The San Francisco County government meeting held on July 4, 2025, focused on several key agenda items, primarily revolving around funding for affordable housing projects and the proposed budget for the upcoming fiscal years.

The meeting commenced with a request for an amendment to a resolution concerning a $26.7 million loan agreement with Octavia RSU Associates LP. This funding is designated for the development of a 63-unit affordable housing project located at 78 Haight Street, which will include 32 units for transitional age youth and their families, as well as a childcare center for low-income families. The total development cost is estimated at $54.4 million, with the city subsidizing approximately $348,000 per unit. The committee unanimously approved the amendment and recommended forwarding the resolution to the full board.

Following this, the committee addressed a resolution regarding a loan agreement with CCDC through Line LLC, amounting to approximately $26.2 million. This funding aims to finance the acquisition and rehabilitation of three existing affordable multifamily rental housing projects, consisting of 88 rental units and four commercial spaces. The committee opted to continue this item for further discussion at a later date.

The meeting also included a hearing on the annual review and adoption of the proposed budgets for the Board of Supervisors and the Office of the Clerk for the fiscal years 2022-2023 and 2023-2024. Angela Calvillo, the Clerk of the Board, presented the proposed budget, highlighting necessary adjustments and staffing changes, including the addition of a new payroll clerk and a junior clerk for the Assessment Appeals Board (AAB). The proposed budget reflects an increase of $839,000 for the fiscal year 2023 and $923,000 for the following year, with expectations of increased revenue from appeal applications due to economic impacts.

The committee concluded the meeting by discussing the next steps for submitting the proposed budget to the mayor and controller for review. Overall, the meeting underscored the county's commitment to enhancing affordable housing and ensuring adequate funding for essential city services.