The City of San Francisco held a government meeting on July 4, 2025, focusing on various aspects of urban development and housing projects. The agenda included discussions on funding sources, project updates, and future housing initiatives.

The meeting began with a financial overview, highlighting the limited tax increment generated from Phase 1 and Phase 2 of ongoing projects. It was noted that there is currently no tax increment being utilized from Phase 1, which has implications for funding future developments.

A detailed sources and uses table was presented, outlining a staff cost of $3.6 million. This figure encompasses administrative expenses, project staff, and legal services necessary for real estate and infrastructure transactions. Additionally, funds have been allocated for community development grants and payments to the Navy agency.

Project updates included the completion of two parks, which are nearing the issuance of certificates of completion for transfer to the Office of Community Investment and Infrastructure (OCII). The meeting also addressed the transfer of assets to the Recreation and Parks Department as part of the dissolution process.

The discussion then shifted to affordable housing initiatives. In Phase 1 of the Hundred Point Shipyard project, there are plans to finalize loans for the construction of 185 units, including three manager units, expected to be completed by spring 2025. The potential for predevelopment of Block 48 was also mentioned, with plans to solicit a developer by the end of the upcoming fiscal year, contingent on securing replacement housing funds.

Lastly, Mark Slutskin, the deputy director, provided an overview of replacement housing legislation under Senate Bill 593. This legislation allows OCII to utilize a portion of tax increment funding to develop up to 5,842 housing units that were destroyed and never replaced by a former redevelopment agency.

In conclusion, the meeting underscored the ongoing efforts to manage urban development and housing in San Francisco, with a focus on financial planning, project completion, and legislative support for replacement housing. The next steps will involve continued collaboration with various agencies and stakeholders to advance these initiatives.