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Treasure Island authority authorized to accept $3 million priority‑site loan for 100‑unit senior affordable project
Summary
The Budget & Finance Committee voted to forward a resolution enabling the Treasure Island Development Authority to accept a $3,000,000 low‑interest loan from the Bay Area Housing Finance Authority to fund infrastructure tied to Mercy Housing’s 100‑unit senior affordable project at Site E1.2 on Treasure Island.
The Budget and Finance Committee on July 9 voted to forward a resolution that authorizes the Treasure Island Development Authority (TIDA) to accept up to $3,000,000 in low‑interest loan funds from the Bay Area Housing Finance Authority (BAHFA) for infrastructure serving a proposed 100‑unit senior affordable housing project on Treasure Island.
The loan would be provided under the Bay Area regional priority sites pilot administered by California’s Department of…
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