Danny Sauter

Money Moves

Requested weeks to examine MEDA's financial difficulties

San Francisco supervisors on Oct. 28 advanced a $22.2 million financing deal for the Mission Economic Development Agency (MEDA), nine days after the city controller placed the 53-year-old affordable housing nonprofit on its highest-risk watch list. The board cited new safeguards after a Sept. 30 audit found a former employee allegedly exploited weak financial controls for unauthorized purchases.

Updated 2 hours ago

Rule Changes

Proposed 10% cap on banked rent increases and capital improvement charges

Mayor Daniel Lurie declared a rent emergency Sept. 10 as one-bedroom rents hit $4,300 a month, up $1,000 in a year. His $30 million package caps banked rent increases and capital improvement charges at 10% a year, blocks evictions for tenants owing under one month's fair market rent, and raises Ellis Act relocation payments by 25%.

Updated Sep 15