San Francisco Controller's Office

Money Moves

Placed MEDA on Tier 3, its highest-risk designation

San Francisco's Budget and Finance Committee voted 3-0 on Oct. 28 to advance a $22.2 million loan deal for the Mission Economic Development Agency (MEDA). The city would buy an existing $20.3 million loan and become the lender on a Mission Street building with 35 apartments and four storefronts. The committee acted nine days after the controller placed the nonprofit on its highest-risk watch list.

Updated Nov 1