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TIDA approves consent agenda including AHSC grant application and $3 million loan authority
Summary
The TIDA board approved the consent agenda, authorizing an AHSC grant application for IC 4.3 and enabling the director to accept up to $3 million in priority-site pilot funds for senior-housing infrastructure.
The Treasure Island Development Authority unanimously approved its consent agenda on April 16, adopting the minutes from the March 12 board meeting and approving two staff resolutions related to housing and financing.
The board voted to authorize the authority to execute a joint grant application (as joint applicant with IC 4.3 family housing and/or the Treasure Island Mobility Management Agency) under the Affordable Housing and Sustainable Communities (AHSC) program for the IC 4.3 parcel.
The board also authorized the Treasure Island Director to execute an affordable housing loan agreement under the Bay Area Housing Finance Authority priority sites pilot program to accept and expend funds of up to $3,000,000 to fund design, permitting or construction of infrastructure improvements serving the Treasure Island parcel E 1.2 affordable senior housing project.
Commissioner Dunlop moved the consent agenda; Commissioner Timothy Repp seconded. The board approved the items by voice vote. The minutes show the motion carried with an affirmative voice vote recorded as "Aye," and no negative votes were recorded.
Ending: The approved resolutions allow staff to finalize pending grant and loan agreements needed to support upcoming affordable housing and infrastructure work.
