[{"_1":2,"_99":-5,"_100":-5},"loaderData",{"_3":4,"_26":27},"root",{"_5":6,"_17":10,"_18":19,"_20":21,"_22":10,"_23":-5,"_24":-5,"_25":10},"user",{"_7":8,"_9":10,"_11":10,"_12":-5,"_13":-5,"_14":15,"_16":-5},"roles",[],"isAuthenticated",false,"isPremium","planName","subscriptionStatus","featureFlags",{},"insightsBudget","isDevelopmentHost","userPreferences",{},"recaptchaSiteKey","6LcvOJcUAAAAAHsB-gPGfGktcRlKpH7OTIU_dMTD","isImpersonating","impersonation","affiliateStatus","isFreedomPortal","routes/v2/article/layout",{"_28":29,"_30":31},"notFound",true,"relatedArticles",[32,75,87],{"_33":34,"_35":36,"_37":38,"_39":40,"_41":42,"_43":44,"_45":46,"_47":48,"_49":50,"_51":52,"_53":54,"_55":56,"_57":58,"_59":60,"_61":62,"_63":64,"_65":66,"_67":68,"_69":70,"_71":68,"_72":73,"_74":73},"mediaId",6599612,"mediaKeyId","3006163-864f27a00ae2e0dacfe0acf508fc60d9","parentId",3006163,"title","Board approves Treasure Island financing districts and sets bond limits after unanimous special-election votes","audioSeconds",3104,"startMs",6432000,"endMs",9536000,"viewUrl","/Search/View?dp=1&key=3006163-864f27a00ae2e0dacfe0acf508fc60d9&start=6432&end=9536","thumbnailUrl","https://assets.pipeline.soar.com/3006163-864f27a00ae2e0dacfe0acf508fc60d9/thumbnail_6432000.jpg","articleUrl","/articles/6599612/San-Francisco-County/California/Board-approves-Treasure-Island-financing-districts-and-sets-bond-limits-after-unanimous-special-election-votes","mediaUrl","https://secure.pipeline.soar.com/6599612-1a66e1ad3fadaf39eba576bdf977fb73/orig.mp4?Expires=1771017468&Signature=o7pvREml7C18-GY5GkD5Yg9DZ7X~6OcwnLqlhdzNwOuYuVOsbdxfcEMGRgUIk82xSJw3Qh7pSFcaD0X7wIuBasL0IhEiPJcbrlXTe7uXfUT0YO5IL~l3eSGOV3AGvNLg1zAaL4To0KTIVaEPR940BgBYGKM2y3Xlv1k9c1xJUOqCKmXhAA~-R9TmrLf9GkJ023os-a1gPrppJV90~BFh4Aoh6T9eRj1X5MjMyXJPFREiBA9F96B-TF~SFE6oakRnLRaktLNR08k6TfQyhTwUGG7yixza7FCcDuAnMh6Td9RqBsXaAk6s5c8ExXYriy2TxrOpCfh2jBwRGUydBZNUUA__&Key-Pair-Id=KUT5TJCACFTXG","author","Sanfrancisco Government tv","date","2025-04-16T04:49:00Z","article","The San Francisco Board of Supervisors voted unanimously Tuesday to form an Infrastructure and Revitalization Financing District (IRFD) and a companion Community Facilities District (CFD) for Treasure Island and Yerba Buena Island, adopting the associated financing plans, calling a special election and declaring the election results that clear the way for future bond sales.

The action authorizes the IRFD to support reimbursement of infrastructure and related project costs and sets a not‑to‑exceed aggregate principal amount for IRFD bond issuance at $780,000,000. The board also approved formation of a CFD to levy a supplemental special tax on properties in the district; a resolution before the board set the CFD’s not‑to‑exceed bonded indebtedness at $5,000,000,000 for the improvement area called improvement area No. 1.

Why it matters: The financing districts create the local revenue mechanisms that Treasure Island’s developer plans to use to reimburse costly public infrastructure and to fund long‑term adaptation and maintenance, including planned measures to address sea‑level rise and to support parks and open space on the islands. The board and staff said the package also commits a portion of IRFD revenues to affordable housing and is intended to leverage city and state contributions and future ballot measures.

City and project officials said the financing is a necessary step because site demolition and early construction work have begun and the developer is proceeding with utility, roadway and geotechnical contracts that will be eligible for reimbursement from district proceeds. \"We need to bring these financing districts forward so that we can provide for reimbursement as improvements are made,\" Robert Beck, director of the Treasure Island Development Authority, told the board during the staff presentation.

Supervisor Jane Kim, the board sponsor, said new cost projections identified a funding shortfall for the affordable housing portion of the project: \"we now have new revised projections that have identified a gap of $382,000,000 across the total cost of $968,000,000 to construct these affordable housing units,\" she said, urging that local financing be combined with mayoral and state commitments.

The board heard a string of public supporters from veterans' advocates, labor unions, affordable‑housing providers and community groups who said the project will create thousands of housing units, a large parks network and union construction jobs while enabling nonprofit providers to build permanent affordable units on the island. Sherry Williams, executive director of the Treasure Island Homeless Development Initiative, said without the districts \"we can't move forward with developing any new affordable housing on Treasure Island, and we could potentially lose some much needed revenue to support those units.\"

Elections and ballots: The director of elections reported two timely ballots had been submitted for the special election called for the districts — one from the Treasure Island Development Authority and one from Treasure Island Series 1 LLC — and both were recorded as \"yes\" on each of the measures called by the resolutions. Following the board roll calls, the clerk recorded unanimous votes on the enabling resolutions and ordinances.

What the financing will pay for: Staff and consultants described the IRFD as a reimbursement mechanism for public infrastructure with the city committing 56.7 percent of the local property tax increment in the district to debt service and associated coverage, with 17.5 percent of IRFD proceeds committed to affordable housing across project areas. The CFD is structured to provide a funding source for ongoing operation and maintenance of the islands' public open space and to create a capital reserve for future sea‑level rise adaptations; staff said the CFD will transition into a maintenance district after reserves are established.

Next steps: Staff said the city will pursue technical state legislation to extend IRFD term limits and to seek state participation similar to historic redevelopment tools, and that the city intends to bring any actual bond issuance back to the board for separate approvals prior to sale. The administration also plans a court validation action for the IRFD formation documents to reduce future legal risk.

Votes and formal actions at a glance:
- Items 40–45 (IRFD formation package, call for special election, ordinance adopting IFP; resolution authorizing bonds not to exceed $780,000,000): passed unanimously (11 ayes).
- Items 46–52 (CFD formation and related measures, call and certification of special election; ordinance levying special taxes; resolution authorizing issuance of CFD bonds with a not‑to‑exceed indebtedness shown in the resolution): passed unanimously (11 ayes).

Community reaction and concerns: Supporters emphasized jobs, affordable housing and rising‑sea‑level planning; unions stressed labor agreements and local hiring, and veteran groups warned that delays could jeopardize state funding set aside for veteran housing. Several speakers including housing advocates requested regular six‑month progress reports to the board on affordable housing timelines and finance milestones.

Ending note: With demolition and early site work already underway and utilities and right‑of‑way contracts in procurement, staff and the developer said the financing districts must be in place to reimburse public‑purpose investments as the multi‑decade project proceeds.","mediaType","Video","parentTitle","Sanfrancisco Government tv - 148524480001/24/17 - Apr 16, 2025","oneSentenceSummary","The San Francisco Board of Supervisors voted unanimously Tuesday to form an Infrastructure and Revitalization Financing District and a companion Community Facilities District for Treasure Island and Yerba Buena Island, establishing ballot results and authorizing initial bond limits and uses to reimburse infrastructure and to fund long‑term adaptation, parks and affordable housing.","taxTitle","San Francisco County, California","taxId",2862,"location","headline","","shortSummary",{"_33":76,"_35":36,"_37":38,"_39":77,"_41":78,"_43":79,"_45":80,"_47":81,"_49":82,"_51":83,"_53":84,"_55":56,"_57":58,"_59":85,"_61":62,"_63":64,"_65":86,"_67":68,"_69":70,"_71":68,"_72":73,"_74":73},6599601,"Planning department rescinds CEQA categorical exemption for Folsom Street project; supervisors table hearing after public concern over PG&E pipeline",3319,4685000,8004000,"/Search/View?dp=1&key=3006163-864f27a00ae2e0dacfe0acf508fc60d9&start=4685&end=8004","https://assets.pipeline.soar.com/3006163-864f27a00ae2e0dacfe0acf508fc60d9/thumbnail_4685000.jpg","/articles/6599601/San-Francisco-County/California/Planning-department-rescinds-CEQA-categorical-exemption-for-Folsom-Street-project-supervisors-table-hearing-after-public-concern-over-PGE-pipeline","https://secure.pipeline.soar.com/6599601-0c20a1f4add92d162eb285ac7e710190/orig.mp4?Expires=1771017468&Signature=guEsiM5pU75stPdTqDmKyC098WyZYNfvWciqIwN3We4OFghs7MCxIsVq~Y0VAiGQ1QLHev65S4O1q1eQ5KrFt4zFSK8rt6pTz083p6caMhdVOXFzoycBffND9pL4pjYTei4JPJpbbZpeG-B3568M7YtFckjZqPdcj6wMEYPMCb0d8pN~IB0gY32TZcEkr4kj5nNQv7jFA1RDwPwhtWVACtFe0X1RI11idRlMC56tS~dYDdIBym4dRbBSRcclKULGChOu9lKCzoPZe6MVJk-gdaVs63CHDelYaYPjFTy~3ZaB9bRr~SJ9hLvCbt6NAKF-JG7WC4dRZmKhaf5dsNGgYg__&Key-Pair-Id=KUT5TJCACFTXG","The San Francisco Planning Department told the Board of Supervisors on Jan. 24 that it had rescinded a categorical exemption under the California Environmental Quality Act (CEQA) for a proposed project at 3516–3526 Folsom Street, citing the need for additional analysis of potential vibratory impacts on a nearby Pacific Gas & Electric transmission pipeline. The board then tabled the hearing on the appeal while staff investigates the question.

Acting environmental review officer Lisa Gibson told the board the department had rescinded the exemption \"after consideration of the facts that were before us,\" saying in particular that \"this concern merits further investigation\" regarding construction‑generated ground vibration and the PG&E Pipeline 109 proximity. Gibson said two letters dated Dec. 2 and Dec. 12 provided supplemental information the department needed to analyze and that the department concluded additional study was warranted.

The issue drew sharp public comment from neighbors and community groups who said the pipeline and steep site topography raised safety concerns. \"We feel it is really time to just say we need an environmental review,\" Kathy Angus, a Bernal Heights neighborhood organizer, told the board. Other residents and community groups cited potential corrosion and the site's steep grade, and urged an Environmental Impact Report to fully assess risk to the pipeline and nearby homes.

The project sponsor's attorney said the applicants have been attempting to move forward for more than three years and warned that further delays would add months to an already protracted process. Project counsel said the applicants were prepared to comply with whatever safety reviews PG&E requires but criticized the last‑minute withdrawal of the exemption after a continuance was discussed.

Recusal and procedural questions: Earlier in the hearing Supervisor Safaie requested to be excused because of a conflict related to prior professional work; the board handled multiple procedural motions before accepting a final recusal and proceeding. After the planning department’s announcement, the board moved to table the items so staff can conduct the additional analysis and prepare a revised record for review.

Motion and vote: Supervisor Hillary Ronan made the motion to table items 36–39; the motion passed with supervisors voting in favor and Supervisor Safaie excused from the vote. The clerk recorded the tally as 10 ayes (one member excused) when the board tabled the matter.

What happens next: Staff said planning will conduct further analysis on potential vibratory impacts related to excavation and bedrock conditions near the pipeline and return with findings. Appellants and project sponsors both told the board they would be prepared to offer additional materials; appellants said they expect an Environmental Impact Report may be required.

Public and legal context: Appellants and neighbors said the pipeline's location and potential for vibration in bedrock conditions create an \"unusual circumstance\" that under CEQA can defeat a categorical exemption. Planning staff said it rescinded the categorical exemption specifically to allow that further analysis. Appellants' counsel said the rescission made the hearing moot for the day and supported the board's tabling action.

Ending: The board left the matter tabled to allow the planning department to do the further environmental work it said was needed; the project remains pending and could return to the board when the department completes the supplemental analysis.","The Planning Department rescinded a CEQA categorical exemption for a proposed two‑house project on Folsom Street after concerns about vibratory impacts near a PG&E transmission line; supervisors tabled the appeal and directed staff to conduct additional analysis.",{"_33":88,"_35":36,"_37":38,"_39":89,"_41":90,"_43":91,"_45":92,"_47":93,"_49":94,"_51":95,"_53":96,"_55":56,"_57":58,"_59":97,"_61":62,"_63":64,"_65":98,"_67":68,"_69":70,"_71":68,"_72":73,"_74":73},6599607,"Board unanimously approves Potrero and Sunnydale HOPE SF redevelopment agreements and zoning changes",1916,5658000,7574000,"/Search/View?dp=1&key=3006163-864f27a00ae2e0dacfe0acf508fc60d9&start=5658&end=7574","https://assets.pipeline.soar.com/3006163-864f27a00ae2e0dacfe0acf508fc60d9/thumbnail_5658000.jpg","/articles/6599607/San-Francisco-County/California/Board-unanimously-approves-Potrero-and-Sunnydale-HOPE-SF-redevelopment-agreements-and-zoning-changes","https://secure.pipeline.soar.com/6599607-66b6d0295d9557168153366933f9f486/orig.mp4?Expires=1771017468&Signature=P5J5BhioFGBWUyiSoBjHGs~J7UE6RESqa7N2C3VpvlVkvyjBCRKfdz6Y39NDWY9addGWFgvdZM2U6bRUzudTEbGAbNnJb21Uk8lwHDeZoNzAwtyKVcVOVGDobWEuV5OzNsXYY-gl4hPUev9AzynQykwO30nTg0UZs1fQz2IoXw0IgvaNYccDJ5q9nJ19YwoUgs7UActUDDDijAkgyf7Cu0ROKkJvp1x1GzVHzp~VADxNIJIxsJ8dnSeKWSeHC~Gik8UGdKCSes4PSgD3XErZj6Nlcixkd6WPhpHGRTPt2ZVO~zG6JJrejOeHU~8gFL~~1cnVnVNPj8LE-wJC4hDBQg__&Key-Pair-Id=KUT5TJCACFTXG","The San Francisco Board of Supervisors on Jan. 24 unanimously adopted a set of ordinances and resolutions that clear the way for the Potrero and Sunnydale portions of the city’s HOPE SF public‑housing revitalization program.

The package (items 26–35) included general‑plan amendments, new special‑use zoning districts, zoning map changes, approval of development agreements between the city and the housing authority’s selected development teams, and resolutions authorizing master development agreements. The board passed the entire package in a single roll call with unanimous support.

Nut graf: City leaders and housing advocates said the actions approve multi‑phase redevelopment plans designed to replace aging, substandard public housing with mixed‑income communities and related neighborhood amenities while guaranteeing the right to return for existing residents. Supporters said investment will improve living conditions, public safety and access to services.

Supervisor Cohen, who represents District 10 and sponsored the measures, framed the package as an effort to transform communities and protect current residents. \"I've seen how new integrated units at Hunters View have transformed the lives of public‑housing residents and have increased public safety as well as public health and the health and vitality of the entire community as a whole,\" she told the board. Cohen and other supervisors said the projects will be built without displacing current households and will include community facilities, early‑education space and long‑term affordability commitments.

City staff and housing authority representatives told the board the actions reflect long negotiations to preserve affordability and to secure financing and construction timelines. Barbara Smith of the San Francisco Housing Authority and staff from the Mayor's Office of Housing and Community Development participated in the hearings; Supervisor Safaie, Supervisor Yee and others publicly commended staff and the development teams for community outreach and protections for residents.

What passed: The board approved amendments to the general plan and planning code that create project‑specific special‑use districts for Potrero and Sunnydale, zoning map changes, development agreements between the housing authority and master developers, and resolutions authorizing master development agreements and related findings under CEQA. The package also ratified prior approvals and found the actions consistent with environmental determinations and required findings.

Public comment: The hearing included multiple supervisors' remarks of support and thanks to community organizations, nonprofit partners and construction trades. Supporters emphasized no net displacement and the opportunity to replace temporary wartime housing stock that has deteriorated over many decades.

Next steps: With the board’s adoption the HOPE SF implementation teams can proceed with the development agreements and related pre‑development work. Construction schedules and financing matters will be coordinated by the housing authority and returned to the board as required for future approvals and contract actions.

Votes and formal actions at a glance:
- Items 26–35 (Potrero HOPE SF and Sunnydale HOPE SF package — ordinances, zoning changes, development agreements and master development authorizations): passed unanimously (11 ayes).

Ending: The board’s action moves two long‑planned public‑housing redevelopment efforts into implementation, with supervisors and nonprofit partners stressing the projects’ role in improving living conditions and preserving long‑term affordability for current residents.","The Board of Supervisors unanimously approved a package of ordinances and resolutions (items 26–35) to implement the Potrero and Sunnydale HOPE SF redevelopment projects, including zoning map changes, development agreements and master development authorizations to replace aging public housing without displacing current residents, sponsors said.","actionData","errors"]

Article not found

Board approves Treasure Island financing districts and sets bond limits after unanimous special-election votes

Planning department rescinds CEQA categorical exemption for Folsom Street project; supervisors table hearing after public concern over PG&E pipeline

Board unanimously approves Potrero and Sunnydale HOPE SF redevelopment agreements and zoning changes