(a) The SOMA Community Stabilization Fund Community Advisory Committee (“Committee”) shall advise the Mayor’s Office of Housing and Community Development (“MOHCD”), other City agencies, and the Board of Supervisors regarding the following:
(1) Administration of the SOMA Community Stabilization Fund described in Section 418.7 of the Planning Code;
(2) Prioritization of funding for social services related to cultural preservation that are funded by proceeds of the Central SoMa Community Facilities District special tax, as defined in Planning Code Section 434 and the Central SoMa Implementation Program;
(3) Prioritization of community improvement projects and other public investments funded by the Central SoMa Community Services Facilities Fund, established in Planning Code Section 432.4;
(4) Expenditure of affordable housing fees collected pursuant to Planning Code Section 415, and Jobs-Housing Linkage Fees collected pursuant to Planning Code Section 413, generated from development projects within the boundaries of the East SoMa, Central SoMa, or Western SoMa Area Plans, or within 0.25 miles of the boundaries of said area plans but outside the boundaries of the Showplace Square/Potrero Hill, Mission, Central Waterfront, and Market and Octavia Area Plans; and
(5) Expenditure of monies in the 706 Mission Community Development Fund pursuant to Administrative Code Section 10.100-7.
(b) The Committee shall collaborate with the Planning Department and relevant city agencies in monitoring implementation of the Central SoMa Plan, Western SoMa Area Plan, and East SoMa Area Plan at approximately every fifth year, in coordination with the duties required by this Section 5.27-1 and Administrative Code Chapter 10E; and provide input to Plan Area monitoring efforts for required time-series reporting.
(c) The Committee shall develop annual recommendations to MOHCD on the Expenditure Plan referenced in Section 418.5(d) of the Planning Code.
(d) The Committee shall provide advice to the Recreation and Park Department, the Recreation and Park Commission, and the Board of Supervisors regarding the expenditure of funds in the 706 Mission Open Space Fund pursuant to Administrative Code Section 10.100-7. In calendar years 2023, 2024, and 2025, the Committee shall hold hearings at least quarterly to provide recommendations to the Recreation and Park Department regarding expenditures of monies in the 706 Mission Open Space Fund and to monitor the Department’s expenditures from that Fund.