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Committee backs one‑time financing exception for Sutter Street affordable housing project
Summary
The Land Use and Transportation Committee on Feb. 10 recommended that the Board of Supervisors consider an ordinance allowing specific affordable housing projects to use California Debt Limit Allocation Committee tax‑exempt bond financing and tax credits and exempting those projects from a local alternate water‑source requirement.
The Land Use and Transportation Committee on Feb. 10 recommended that the Board of Supervisors consider an ordinance allowing specific affordable housing projects to use California Debt Limit Allocation Committee (CDLAC) tax‑exempt bond financing and tax credits administered by the tax credit allocation committee. The ordinance, as described in committee, would apply when projects provide affordable units or “deeper affordability levels” than…
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