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Committee forwards trio of Balboa Reservoir approvals to finance Building E and infrastructure with amendments
Summary
The Budget and Finance Committee on Sept. 3 forwarded three related resolutions enabling financing and infrastructure work for Balboa Reservoir Building E and the first phase of affordable housing at the 17.6-acre site.
The Budget and Finance Committee on Sept. 3 voted to forward to the full Board three related resolutions to enable financing and site work for Balboa Reservoir Building E and associated infrastructure.
Director Dan Adams of the Mayor’s Office of Housing and Community Development (MOHCD) said the actions will support the first phase of 100% affordable housing and related infrastructure at the 17.6-acre Balboa Reservoir site, which is a multi-parcel master-planned redevelopment across from City College. Building E is proposed as 128 affordable units (56 one-bedroom, 42 two-bedroom and 30…
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