§ 5.45

The Board of Supervisors hereby establishes the Housing Stability Fund Oversight Board (the “Oversight Board”).

(Added by Ord. 233-20, File No. 201183, App. 11/13/2020, Eff. 12/14/2020)

The Oversight Board shall consist of the following 11 voting members.

(a) Seats 1 and 2 shall be held by persons who are residents of Social Housing Developments, as defined in Section 10.100-78 of the Administrative Code, as amended from time to time to be appointed by the Board of Supervisors.

(b) Seats 3 and 4 shall be held by persons with experience owning, operating, or developing Social Housing Developments, as defined in Section 10.100-78 of the Administrative Code, to be appointed by the Board of Supervisors.

(c) Seats 5 and 6 shall be held by persons with legal, academic, or financing expertise regarding affordable housing creation and policy, to be appointed by the Board of Supervisors.

(d) Seat 7 shall be held by a person with experience or expertise in advocacy on behalf of tenants or residents of affordable housing, to be appointed by the Board of Supervisors.

(e) Seat 8 shall be held by a person with experience or expertise in the organized labor community, to be appointed by the Board of Supervisors.

(f) Seat 9 shall be held by an employee of the Mayor’s Office of Housing and Community Development (MOHCD), to be appointed by the Director of MOHCD.

(g) Seats 10 and 11 shall be held by any resident of San Francisco with a demonstrated commitment to affordable housing and to racial and economic equity, to be appointed by the Board of Supervisors.

(Added by Ord. 233-20, File No. 201183, App. 11/13/2020, Eff. 12/14/2020)

(a) Members of the Oversight Board shall serve at the pleasure of their respective appointing authorities and may be removed by the member’s appointing authority at any time. Each member may remain on the Oversight Board for a maximum of two full terms unless removed prior to the expiration of the term by the member’s appointing authority, provided that such limitations to terms do not apply to Seat 9 (with such terms staggered so as to minimize the number of terms expiring simultaneously). The staggered terms will be applied as follows: the initial appointment for seats, 2, 4, 6, and 11 is two years, with the remaining seats being appointed to initial four-year terms. Thereafter, all terms shall be for four years. For purposes of the term limit, serving an initial term of two years, or serving more than half of a four-year term, shall count as serving a full term. A seat that is vacant on the Oversight Board shall be filled by the appointing authority for that seat.

(b) Members of the Oversight Board shall receive no compensation from the City, except that the member in Seat 9 may receive their regular City salary for time spent on the Oversight Board.

(c) Any member who misses three regular meetings of the Oversight Board within a twelve-month period without the express approval of the Oversight Board at or before each missed meeting shall be deemed to have resigned from the Oversight Board 10 days after the third unapproved absence. The Oversight Board shall inform the appointing authority and the Clerk of the Board of Supervisors of any such resignation.

(d) The Mayor’s Office of Housing and Community Development shall provide administrative and clerical support for the Oversight Board. All City officials and agencies shall cooperate with the Oversight Board in the performance of its functions.

(Added by Ord. 233-20, File No. 201183, App. 11/13/2020, Eff. 12/14/2020)

(a) The Oversight Board shall provide oversight for the Housing Stability Program Fund established under Section 10.100-78 of Article XIII of Chapter 10 of the Administrative Code by making recommendations and providing guidance for the use of the Housing Stability Program Fund for Social Housing Developments, including, but not limited to, the acquisition of land and/or improvements, preservation, development, rehabilitation, construction, operation, loans, grants, and other eligible uses determined by MOHCD, and as included in any Housing Stability Fund regulations. The Oversight Board shall seek to make its recommendations through a racial and economic equity lens, with an eye toward the short-term and long-term impact on the use of the monies from the Housing Stability Program Fund.

(b) To aid the Oversight Board in making its recommendations and providing guidance, MOHCD shall submit a report to the Oversight Board by January 15 annually and present on the report at a subsequent Oversight Board meeting. MOHCD shall report on the use of the Housing Stability Fund during the preceding fiscal year, which report shall include, but need not be limited to, the amounts approved for disbursement for specific uses, the number and size of sites acquired and type (including improved or vacant), the scope of rehabilitation work for improved sites, the number of units

developed or assisted by the Housing Stability Fund, the neighborhoods/geography of projects funded, and overall program implementation goals for the current fiscal year and proposed priorities for the next fiscal year.

(c) The Controller’s Office shall provide a written report to the Board of Supervisors and the Oversight Board, by February 1 annually, with a summary of all revenues collected under real property transfer tax in the prior fiscal year [1]

(d) The Oversight Board shall make recommendations, including budget recommendations, to the Board of Supervisors by March 31 annually.

(Added by Ord. 233-20, File No. 201183, App. 11/13/2020, Eff. 12/14/2020)

CODIFICATION NOTE

1. So in Ord. 233-20.

(a) The Oversight Board shall hold its inaugural meeting not more than 90 days after the effective date of the ordinance in Board File No. 200610 enacting this Article XLVI. [1 ] There shall be at least 10 days’ notice of the inaugural meeting. Following the inaugural meeting, the Oversight Board shall hold a regular meeting not less than once each quarter.

(b) The Oversight Board shall elect a Chair and such other officers as it deems appropriate, and may establish bylaws and rules for its organization and procedures.

(Added by Ord. 233-20, File No. 201183, App. 11/13/2020, Eff. 12/14/2020)

CODIFICATION NOTE

1. So in Ord. 233-20.

Notwithstanding Rule 2.21 of the Board of Supervisors Rules of Order, which provides that advisory bodies created by the Board should sunset within three years, the Board intends the Oversight Board to exist indefinitely unless terminated by ordinance.

(Added by Ord. 233-20, File No. 201183, App. 11/13/2020, Eff. 12/14/2020)