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4 min read San Francisco Budget and Finance Committee

SF clears $47.5M funding for senior housing (+ $3M anti-scam program)

San Francisco Budget and Finance Committee: $47,579,100 in state AHSC funding cleared for 1939 Market Street LGBTQ senior housing 3-0, plus $3M JPMorgan grant for StopScamsSF.
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San Francisco
Budget and Finance Committee Meeting
March 11, 2026

TL;DR

  • $47,579,100 in state AHSC funding cleared for 1939 Market Street, including a $35M loan to Mercy Housing for roughly 185 affordable senior units and $12,579,100 for nearby transit and streetscape work.
  • $3,000,000 grant from JPMorgan Chase accepted to launch StopScamsSF, a new three-year anti-fraud initiative run by the Treasurer's Office of Financial Empowerment.
  • Allied Universal security contract at SF General extended six months and increased by $3,200,000 (new total $15,380,000), following the fatal stabbing of a social worker.
  • $1,374,816.94 CITED Round 4 grant from California DHCS accepted to fund Epic EHR work and CalAIM Community Supports through December 31, 2026.
  • Compact mobile food operations ordinance continued one more week to March 18 at Supervisor Jackie Fielder's request.

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