Committee continues Eula Hotel acquisition after substantive amendment; project aimed at transitional‑age youth

The Budget & Finance Committee considered the proposed acquisition of the Eula Hotel (3055–3061 16th Street) for conversion to permanent supportive housing targeted at transitional age youth (18–24). HSH described the building as 25 SRO units (many with private baths) and relatively turnkey, with a plan to use Prop C funds and to pursue Homekey if competitive.

The Budget Legislative Analyst summarized costs: total purchase and closing estimated at $5.7 million and an estimated $1.5 million in rehabilitation costs, yielding a BLA cost‑per‑unit in the memo. Multiple providers and community callers (Larkin Street, Compass Family Services, provider partners and residents) offered strong support during public comment, praising private bathrooms and the location for youth services.

Deputy City Attorney advised the committee that recently transmitted amendments to the resolution were substantive; the committee voted to accept the amendments and continued the item to next week's Budget & Finance meeting to allow finalization and clerical processing.

Provenance: Item 4 introduced at SEG 3007; committee accepted amendments and continued item at SEG 3471–3480.