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OCOH Fund Annual Report FY22-23: Permanent Housing [1]

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Date: 2024-02 

Over the three years of the Fund, the City budgeted a total of $518.9 million on permanent housing programming and expended $273.7 million during that timeframe. By the close of FY22-23, the City had a remaining balance of $245.2 million that will carry forward for programming in FY23-24 and beyond. This remaining balance includes $164.3 million in housing acquisition funds committed to two general housing projects and a TAY housing project.

There are two types of costs within the Permanent Housing service area: acquisition and operating costs. Acquisition funding is used to purchase, rehabilitate or construct buildings. The City expended the largest portion of OCOH Permanent Housing funding in acquisitions, with $94.0 million in expenditures during FY22-23. The City purchased two new housing sites in FY22-23, adding 200 new units immediately, and operating 114 additional units as temporary shelter until site renovations are completed. Capacity added includes sites that were acquired and started operating during the fiscal year. Buildings that were acquired but did not start operations during the fiscal year are excluded from this figure.

The City used the OCOH Fund in prior fiscal years for the up-front purchase of properties permanent supportive housing. In FY22-23, HSH received State Homekey grant funding to offset its acquisition costs and leverage OCOH dollars to complete the sites’ rehabilitation capital work. For this reason, expenditure data in the charts below show “negative” expenditure values, reflecting a repayment to the Fund.

The dashboard below aggregates the three-year budget for the Permanent Housing service area inclusive of FY20-21, FY21-22, and FY22-23 (FY21-FY23). Use the filters at the top of the dashboard to view the complete Permanent Housing service area (“All Households”) or to view the sub-categories by population designated through the Fund (Adults, Families, Youth). The cards at the top of the dashboard show the cumulative revised budget for OCOH-funded Permanent Housing programs, the total amount expended in these programs in the three-year period, and remaining balance as of June 30, 2023. The bar chart in the dashboard below shows the total spending for permanent housing acquisition and operations for each fiscal year.

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[1] Url: https://www.sf.gov/data/ocoh-fund-annual-report-fy22-23-permanent-housing?_gl=1%2Autf66y%2A_ga%2AMTI4MDMyNzgwNC4xNzAzODMwMTU2%2A_ga_BT9NDE0NFC%2AMTcwMzkwMTE5MS4yLjEuMTcwMzkwMzA5OC4wLjAuMA..%2A_ga_63SCS846YP%2AMTcwMzkwMTE5MS4yLjEuMTcwMzkwMzA5OC4wLjAuMA..

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