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Board approves OCII variation allowing developer to pay higher in-lieu fee; 69 affordable units to be built off-site
Summary
Supervisors approved a variation allowing 181 Fremont’s developer to convert 11 on-site affordable-homeownership units into a larger off-site affordable project by paying $13.85 million in lieu of the standard fee; the funds will support construction of 69 affordable units on a nearby block.
The Board approved a variation to the Transbay Redevelopment Plan on Oct. 28 that lets the developer of 181 Fremont convert a small on‑site affordable requirement into a larger off‑site commitment by paying $13,850,000 to support construction of 69 affordable units on a nearby Transbay block.
Supervisor Jane Kim, who sponsored the item, explained the context: 181 Fremont is a mixed-use tower with all residential units in a high‑cost product (condominiums). Under existing formulas the project would have contributed a smaller on‑site ownership obligation (11…
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