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6 min read San Francisco Budget and Finance Committee

SF advances $2.5M for zoo; $8.5M loan held a week for public review

San Francisco Budget and Finance Committee: SF Zoo's first $2.5M advanced; $8.5M loan held one week for public review. Plus 94 affordable units at 1687 Market and a 10-year D-MAC lease.
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San Francisco
Budget and Finance Committee Meeting
May 6, 2026

TL;DR

  • SF Zoo gets the first $2.5M of a proposed $8.5M city loan. The full loan agreement was held one week so the public can review the terms.
  • Mercy Housing's 94-unit affordable building at 1687 Market cleared a $30M tax-exempt bond issuance. Construction starts in June.
  • SFPD's Drug Market Agency Coordination Center got a 10-year lease at 33 8th Street. Rent starts at $448,224 a year.
  • The Coronado Hotel homelessness contract was cut from a 3-year extension to 1 year. The budget analyst couldn't verify program performance.
  • The state's $5M grant for the Castro Theatre was accepted. The resolution was amended to name the theater directly.

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