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Board approves Mission Bay amendment allowing 129-unit project with 26 units at 90% AMI

3006047 · April 16, 2025
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Summary

The Board of Supervisors and successor agency approved an amendment permitting a developer to build a market-rate rental project on the last Mission Bay North parcel with 26 moderate‑income units set at 90% AMI, reducing an earlier 80-unit moderate-income obligation due to feasibility concerns.

The San Francisco Board of Supervisors acting in its successor‑agency capacity approved a conditional amendment to the Mission Bay North owner participation agreement that clears the way for a 129‑unit market‑rate rental project on parcel N4P3 and requires 26 on‑site moderate‑income units targeted to households at up to 90% of area median income (AMI).

The vote came after staff and the developer told the board that the final Mission Bay North parcel was uniquely difficult to develop without reducing the percentage and depth of on‑site moderate affordability. Supervisor Jane Kim, who brought the item forward, said the amendment will allow the last vacant parcel in Mission Bay North to be built after earlier inclusionary requirements proved infeasible without subsidy.

Why it matters: Mission Bay North is nearly complete; this parcel is the final undeveloped site. Under the original plan the site carried a larger moderate‑income obligation (previously discussed at up to 120% AMI and higher unit counts). OCII (the successor agency) and the developer said market constraints, parcel size and configuration, and lack of public subsidy made the original requirement infeasible.

Key numbers: OCII staff said the city has secured a $30,500,000 HUD grant tied to timely redevelopment, and that Mission Bay North has already exceeded requirements for very low and low‑income units. The amendment reduces a prior requirement of roughly 80 moderate‑income units (in one scenario) to 26 units at 90% AMI on this final parcel; Mission Bay North overall will still exceed its inclusionary obligations with the amendment in place.

Debate and concerns: Supervisor Weiner pressed staff about the loss of total below‑market units compared with earlier plans and called for broader production of housing for moderate‑income renters. OCII and the developer said they explored multiple scenarios and concluded a 62% inclusionary level at higher AMI thresholds was infeasible without subsidy; the amendment balances deeper affordability (90% AMI) against feasible production on a constrained lot.

Public comment: The developer, Integral, and community representatives, including the Mission Bay Citizens Advisory Committee chair, expressed support for moving the site forward and emphasized challenges tied to site shape and freeway proximity.

Vote and outcome: The board approved the resolution as presented; the roll call showed unanimous support in this session (11 ayes). The successor‑agency resolution was adopted to permit the owner participation agreement amendment and allow the project to proceed toward financial closing and construction.