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Budget and Finance Committee, March 25, 2026

Approves Balboa Reservoir Building A multifamily housing revenue note, 3-0

1h 15m11,385 words
7 mentionsapprovedSan Francisco, CA
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How this board votes

The Board of Supervisors approved 91% of 325 recorded land-use decisions this period. Most frequent dissent: Shamann Walton (29 of 177 recorded votes).

Parsed from the official meeting recordings. Verify against the official minutes.

See the full board record, member by member

What happened

The San Francisco Budget and Finance Committee forwarded all eight items to the full board with recommendation, most notably items seven and eight authorizing a ground lease, a $29.9 million gap loan, and up to $112.7 million in housing revenue bonds for Balboa Reservoir Building…

Meeting key facts
Jurisdiction
San Francisco, CA
Governing body
Final authority
Date
March 25, 2026
Decisions
8 zoning decisions
Outcome
Approved, 3-0

Free sample: decision 1 of 8

Hallmark Aviation Services contract modification (SFO)

Resolution approving modification number three to a contract with Hallmark Aviation Services LP for airport information and guest assistance services at SFO, extending the term one year through 06/30/2027 and increasing the contract by ~$10,400,000 for a new total not to exceed ~$30,400,000. Referred to full board with recommendation, 3-0.

The other decisions are listed below by title. The full write-up, verbatim conditions, and the audio at each vote are in Pro.

Meeting Summary

The San Francisco Budget and Finance Committee forwarded all eight items to the full board with recommendation, most notably items seven and eight authorizing a ground lease, a $29.9 million gap loan, and up to $112.7 million in housing revenue bonds for Balboa Reservoir Building…

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Key Decisions (8)

Approved

Hallmark Aviation Services contract modification (SFO)

Vote: 3-0
Approved

Sapient Corporation contract amendment (Assessor-Recorder SMART system)

Vote: 3-0
Approved

CalFresh stopgap emergency gift card contract with SF Marin Food Bank

Vote: 3-0
Amended

DPH health access point contract amendment - San Francisco AIDS Foundation

Vote: 3-0
Approved

DPH health access point contract amendment - Rafiki Coalition

Vote: 3-0
Approved

DPH health access point contract amendment - Instituto Familiar de la Raza

Vote: 3-0
Amended

Balboa Reservoir Building A ground lease and gap loan

Vote: 3-0
Approved

Balboa Reservoir Building A multifamily housing revenue note

Vote: 3-0

Development Activity (2)

Balboa Reservoir Building A

Residential

Balboa Reservoir infrastructure - Phase 1

Infrastructure

Market Signals (3)

Housing Demand

San Francisco is advancing 100% affordable housing at Balboa Reservoir…

Infrastructure

The city reprioritized and provided an infrastructure loan to advance…

Commercial Demand

SFO is expanding guest-services staffing to support the Terminal 3…

Who Spoke (12)

ChairCouncilmember · 2Staff · 7ClerkPublic

On the record: the chair, 2 councilmembers, 7 staff members, the clerk, and a member of the public.

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