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4 min read San Francisco Budget and Finance Committee

SF green-lights 158 affordable units at Balboa Reservoir

San Francisco Budget and Finance Committee: Balboa Reservoir Building A's 158 affordable units cleared with a $29.3M city loan and up to $112.7M revenue note. Plus Health Access Point renewals.
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San Francisco
Budget and Finance Committee Meeting
March 25, 2026

TL;DR

  • Budget and Finance cleared financing for Balboa Reservoir Building A: 158 affordable units for households at 40–80% AMI, with construction starting May 2026.
  • Sapient's contract to maintain SF's $4B property tax assessment system was extended through June 2032 for $6.8M more; the vendor absorbed $15.3M of overrun costs from its own delays.
  • The committee retroactively approved the $9.1M SF-Marin Food Bank contract that delivered emergency CalFresh gift cards to 112,000 San Franciscans during the federal funding lapse.
  • Three Health Access Point contracts with SF AIDS Foundation, Rafiki Coalition, and Instituto Familiar de la Raza were extended through June 2030; SFAF's amount was amended down by about $1.9M at the meeting.
  • Hallmark Aviation's airport guest services contract was extended one year and increased by $10.4M, bringing the total to $30.4M.

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