An audit has found a slew of financial problems, including misuse of taxpayer dollars and compliance issues, at a city-funded nonprofit that is one of San Francisco’s main developers of affordable housing.
The audit by the City Controller’s Office found that HomeRise—which helps construct new buildings, rehabilitate existing ones, and lease properties for homeless people and their families—improperly spent grant funds on fundraising, staff bonuses, and lunches and gifts to staff, among other things.
